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Accounts Receivable Analysis A company reports the following: Sales $558,450 Average accounts receivable (net) 62,050 Determine (a) the accounts receivable turnover and (b) the number

Accounts Receivable Analysis A company reports the following: Sales $558,450 Average accounts receivable (net) 62,050 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 Feedback 41 X days Check My Work a. Divide sales by average accounts receivable. b. Divide average accounts receivable by average daily sales. Average daily sales are sales divided by 365 days

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