Question
Accounts Receivable Analysis A company reports the following: Sales $183,960 Average accounts receivable (net) 15,330 Determine (a) the accounts receivable turnover and (b) the number
Accounts Receivable Analysis
A company reports the following:
| Sales | $183,960 |
| Average accounts receivable (net) | 15,330 |
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 | ? |
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The Four Corners Of Financial Accounting
Authors: Shaho Heidari Gandoman
1st Edition
1952751950, 978-1952751950
