1.Accounts receivable turnover

2.how much does nash make on each sales dollar?

3. how many days does the average receivable take to be paid?

The following information was taken from Nash, Inc.'s trial balances as of December 31, 2010, and December 31, 2011. Accounts receivable Accounts payable Sales Sales returns Retained earnings 12/31/2011 $ 32,000 17,000 226,700 4,000 47,000 5,000 36,000 12/31/2010 $ 39,000 36,000 128,000 2,300 16,000 1,000 9,000 Dividends Net Income 1. Calculate the net profit margin and accounts receivable turnover for 2011. Round your answers to two decimal places. 2011 Net Profit Margin 16.17 % Accounts Receivable Turnover 605 2. How much does Nash make on each sales dollar? Round your answer to two decimal places .1617 cents 3. How many days does the average receivable take to be paid (assuming all sales are on account)? The input in the box below will not be graded, but may be reviewed and considered by your instructor. 3 days