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A company reports the following: Sales $556,990 Average accounts receivable (net) 51,100 Determine the (a) accounts receivable turnover, and (b) number of days' sales in
A company reports the following:
| Sales | $556,990 | |
| Average accounts receivable (net) | 51,100 |
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 | fill in the blank 1 |
| b. Number of days' sales in receivables | fill in the blank 2 days |
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An Auditors Guide To Auditing Financial Statements In The UK
Authors: Steve Collings
1st Edition
1526527480, 978-1526527486
