At the beginning of the year, Dawnetta Fashions has total accounts receivable of $300,000. By the end of the year, Dawnetta reports total credit sales of $1,500,000 and total accounts receivable of $200,000. What is the receivables turnover ratio for Dawnetta Fashions

Dawnetta Fashions

The Accounts Receivable Turnover Ratio for Dawnetta Fashions is:

6 times.

Explanation:

a) Data and Calculations:

Accounts receivable, at the beginning = $300,000

Accounts receivable, at the ending = $200,000

Average receivable = $250,000 ($300,000 + 200,000)/2

Total credit sales = $1,500,000

Accounts Receivable Turnover = $1,500,000/$250,000 = 6 times

b) Dawnetta Fashions' Accounts Receivable Turnover Ratio gauges how efficiently the company's credit sales are collected by measuring how many times its receivables are converted to cash in the accounting period.  It is obtained by dividing the net credit sales by the average accounts receivable for the period.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

the answers are

a, b, c, & e.