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A company reports the following: Sales $1,368,750 Average accounts receivable (net) 54,750 Determine (a) the accounts receivable turnover and (b) the number of days' sales

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A company reports the following: Sales $1,368,750 Average accounts receivable (net) 54,750 Determine (a) the accounts receivable turnover and (b) the number of days' 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

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