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A recent annual report for NPS contained the following data: Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable (dollars in thousands) Current Year
A recent annual report for NPS contained the following data: Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable (dollars in thousands) Current Year Previous Year $ 3,767,000 $ 4,707,000 195,000 156,000 $ 3,572,000 $ 4,551,000 $ 34,597,000 Net sales (assume all on credit) Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator 0 times Denominator Average Days Sales in Receivables Numerator 0 days Denominator
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