Question

if opening accout receivable are 150000

account receivable end of year 152000

credit sales are 25000

find out total cash received

find out future value of your investment according to given data​

Answer 1

Answer:

Turnover Ratio?

The accounts receivable turnover ratio, also known as the debtor’s turnover ratio, is an efficiency ratio that measures how efficiently a company is collecting revenue – and by extension, how efficiently it is using its assets. The accounts receivable turnover ratio measures the number of times over a given period that a company collects its average accounts receivable.