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A company reports the following: Sales $1,200,000 Average accounts receivable (net) 50,000 Determine the (a) accounts receivable turnover, and (b) number of days' sales
A company reports the following: Sales $1,200,000 Average accounts receivable (net) 50,000 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365- day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
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