A company reports the following: day year. a. Accounts receivable turnover b. Number of days' sales in receivables days

Accounts Receivable Analysis A company reports the following: Sales Average accounts receivable (net) $1,124,930 48,910 Determine (a) the accounts receivable turnover and (b) the number of daysi sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365- day year. a. Accounts receivable turnover b. Number of days' sales in receivables days