Do not give solution in image format Inglewood Industries has net sales of $936,600 and average net receivables of $223,000 for the year. Which of the following statements is correct? (Round allcalculations to one decimal place.)O The receivables tumover ratio is 4.2 and the days-to-collect is 0.01.The receivables tumover ratio is 0.2 and the days-to-collect is 1,520.O The receivables turnover ratio is 4.2 and the days-to-collect in 86.9.O The receivables turnover ratio is 0.2 and the days-to-collect is 87.6.None of the above.

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Description: Do not give solution in image format Inglewood Industries has net sales of $936,600 and average net receivables of $223,000 for the year. Which of the following statements is correct? (Round allcalculations to one decimal place.)O The receivables tum

MEANING OF RECEIVABLE TURNOVER RATIO This ratio shows how long a time takes place to collect the…

Answered: Inglewood Industries has net sales of…

Business

Accounting

Inglewood Industries has net sales of $936,600 and average net receivables of $223,000 for the year. Which of the following statements is correct? a

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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