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Accounts Receivable Analysis A company reports the following: Sales $1,182,600 Average accounts receivable (net) 59,130 Determine (a) the accounts receivable turnover and (b) the number

Accounts Receivable Analysis

A company reports the following:

Sales $1,182,600
Average accounts receivable (net) 59,130

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover
b. Number of days' sales in receivables days

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