Reference no: EM133008560
Question - Palmetto Company had total sales of $160,000, of which, $20,000 were cash sales. Palmetto also had beginning and ending accounts receivable balances of $12,000 and $18,000, respectively. What is Palmetto's accounts receivable turnover ratio?
10.67x
17.50x
8.89x
9.33x
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increase in cash from a financing activity
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decrease in cash from an investing activity
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