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A recent annual report for NPS contained the following data: (dollars in thousands) Current Year Previous Year Accounts receivable $ 3,727,000 $ 4,527,000 Less: Allowance

A recent annual report for NPS contained the following data:

(dollars in thousands)

Current Year Previous Year
Accounts receivable $ 3,727,000 $ 4,527,000
Less: Allowance for doubtful accounts 185,000 148,000
Net accounts receivable $ 3,542,000 $ 4,379,000
Net sales (assume all on credit) $ 35,397,000

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.)image text in transcribed

A recent annual report for NPS contained the following data: Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) (dollars in thousands) Current Year Previous Year $ 3, 727,000 $ 4,527,000 185,000 148,000 $ 3,542,000 $ 4,379,000 $ 35,397,000 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 Denominator 0 times Average Days Sales in Receivables Numerator Denominator days

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