Ross Company had the following balances: Calculate the accounts receivable turnover ratio for 2010. On average, how

Question:

Ross Company had the following balances:

Calculate the accounts receivable turnover ratio for 2010. On average, how many days does it take Ross Company to collect its accountsreceivable?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...