Alpha Company December 31 Accounts 2016 2015 Accounts Receivable $40,500
(all balances are normal):Alpha CompanyDecember 31 Accounts 2016 2015 Accounts Receivable $40,500 $35,500 Allowance for Doubtful Accounts 2,500 1,500 Merchandise Inventory 57,000 50,000 Office Supplies 25,000 20,000 Credit Sales 960,000 740,000 Sales Discounts 10,000 9,000 Interest Income 25,000 20,000 Cost of Goods Sold 460,000 385,000 1. What is the FY 2016 accounts receivable turnover ratio? […]