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Accounts receivable analysis A company reports the following: Line Item Description Amount Sales $ 5 2 5 , 6 0 0 Average accounts receivable (
Accounts receivable analysis
A company reports the following:
Line Item Description Amount
Sales $
Average accounts receivable net
Determine a the accounts receivable turnover and b the days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a day year.
Line Item Description Answer
a Accounts receivable turnover fill in the blank
b Days' sales in receivables fill in the blank
days
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