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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 $525,600
Average accounts receivable (net)32,850
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 365-day year.
Line Item Description Answer
a. Accounts receivable turnover fill in the blank 1
b. Days' sales in receivables fill in the blank 2
days

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