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A recent annual report for Dell, Inc., contained the following data dollars in thousands Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net
A recent annual report for Dell, Inc., contained the following data dollars in thousands Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) Previous Year $ 6,014,000 121,000 $4,802,000 $ 5,893,000 Current Year $ 4,913,000 111,000 $ 61,401,000 Required 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Enter your answers in thousands not in dollars. Ratio values should be rounded to 2 decimal places.) Receivables Turnover Ratio Numerator times Denominator Average Days Sales in Receivables Numerator days Denominator
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