Question
4. The following information relevant to accounts receivable is presented for Dommar Company (in thousands of dollars). Calculate the accounts receivable turnover ratio, and the
4. The following information relevant to accounts receivable is presented for Dommar Company (in thousands of dollars). Calculate the accounts receivable turnover ratio, and the day sales outstanding ratio for the years 2019 and 2020.
| 2020 | 2019 | 2018 | |
| Accounts Receivable | $335 | $324 | $369 |
| Allowance for Doubtful Accounts | $16 | $20 | $19 |
| Net Credit Sales | $4,021 | $4,447 | $2,618 |
| Accounts Receivable Turnover (in number of times) | |||
| Day Sales Outstanding (in days) |
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Construction Auditing Planning Implementation Use
Authors: Peter Wotschke, Gregor Kindermann
1st Edition
3658388404, 978-3658388409
