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Accounts Receivable Analysis A company reports the following: Sales $621,230 Average accounts receivable (net) 27,010 Determine (a) the accounts receivable turnover and (b) the number
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Accounts Receivable Analysis
A company reports the following:
Sales $621,230 Average accounts receivable (net) 27,010
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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Accounts Receivable Analysis
A company reports the following:
Sales | $621,230 |
Average accounts receivable (net) | 27,010 |
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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