1. The accounts receivable turnover is computed as __________ divided by __________.

sales; accounts receivable

sales; average accounts receivable

sales; net income

accounts receivable; net income

2. Financial data for Greene Company follows:

Sales	$825,000
Accounts receivable:
Beginning of year	75,000
End of year	87,000
Net income	1,500,000

What is Greene Companys accounts receivable turnover?

1.9

5.1

9.3

10.2

3. The number of days sales in receivables is calculated as __________ divided by __________.

sales; accounts receivable

average accounts receivable; average daily sales

sales; net income

accounts receivable; 365 days