A company reports the following:

Sales

$$709,560$

Average accounts receivable $($net$),59,130$

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

$x$ days

Feedback

$$ Check My Work

a$.$ Divide sales by average accounts receivable.

b$.$ Divide average accounts receivable by average daily sales. Average daily sales

are sales divided by $365$ days.