Information from the Current Income Statement of Coffey Corp Follows

question 299

Essay

Information from the current income statement of Coffey Corp follows:
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 640,000 \\\hline \text { Gross profit on sales } & 276,000 \\\hline \text { Operating income } & 64,000 \\\hline \text { Income before taxes } & 44,000 \\\hline \text { Profit } & 33,600 \\\hline\end{array}$ If the company's January 1,accounts receivable were $78,000 and its December 31,accounts receivable were $90,000,what was the company's accounts receivable turnover?

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Definitions:

Effective Communicator

An individual who is able to convey information or ideas clearly and efficiently, ensuring understanding and engagement.

Oral Medium

A method of communication in which information is transmitted through spoken words, as opposed to written texts or visual images.

In-Person Channel

A communication or distribution method that involves direct, face-to-face interaction.

Nonverbal Cues

Communication signals given through body language, facial expressions, gestures, and other physical behaviors.