Twist Corp. has a current accounts receivable balance of $537,810. Credit sales for the year just ended
Question:
Twist Corp. has a current accounts receivable balance of $537,810. Credit sales for the year just ended were $5,473,640. What is the receivables turnover? The days’ sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?
Accounts ReceivableAccounts 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
FORMULA sales receivable turnover ratio by applyin...View the full answer
Answered By
RESHMA S
I have a master's degree in management with a specialization in HR & FINANCE and my under graduation is in management with a computer application. I have deep knowledge of various management subjects such as accounting, operation management , business laws. According to me learning should be fun.
0 Reviews
10+ Question Solved
Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
Question Posted:
