Answer saved Marked out of 1000 Benson Company shows the following data on its

Answer saved marked out of 1000 benson company shows

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Question Answer savedMarked out of 10.00Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net credit sales 4,620,000; Cost of goods sold 3,360,000; Earnings before interest and taxes (Operating Income) 720,000; Interest on bonds 192,000; Net income 384,000. The accounts receivable turnover is: 3 Select one:a. 6.667 times per year.b. 5.714 times per year.c. 5.5 times per year.d. 5 times per year. ◄ Module 3: Wrap up Video Jump to...
9/14/2018 Assessment 3 1/2 Home / My Courses / ACCT701-STACKED-31690-FALL2018 / Module 3 / Assessment 3 Question Answer savedMarked out of 10.00Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net credit sales 4,620,000; Cost of goods sold 3,360,000; Earnings before interest and taxes (Operating Income) 720,000; Interest on bonds 192,000; Net income 384,000.The inventory turnover is: 4 ◄ Module 3: Wrap up Video Jump to...
9/14/2018 Assessment 3 1/2 Home / My Courses / ACCT701-STACKED-31690-FALL2018 / Module 3 / Assessment 3

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