Last year, MBA companies had account receivable turnover of 15, total asset turnover of 4.5, and total assets of $1,000,000. What was the value of net sales?And the value of MBA’s account receivable?

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Description: Last year, MBA companies had account receivable turnover of 15, total asset turnover of 4.5, and total assets of $1,000,000. What was the value of net sales?And the value of MBA’s account receivable?

Financial ratios are those which provide a summary of the accounts of a company and helps an…

Answered: What was the value of net sales? And…

Business

Accounting

What was the value of net sales? And the value of MBA’s account receivable?

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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