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Compute and interpret its accounts receivable turnover

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Question: 1. Krugg Company determines on May 1 that it cannot collect $1,000 of its accounts receivable from its customer P. Carroll. Apply the direct write-off method to record this loss as of May 1.

2. The following data are taken from the comparative balance sheets of Fulton Company. Compute and interpret its accounts receivable turnover for year 2011 (competitors average a turnover of 7.5).

                                                        2011                2010

Accounts receivable, net . . . . . . . . . $152,900           $133,700

Net sales . . . . . . . . . . . . . . . . . . . . . 754,200           810,600

Reference no: EM131533654

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