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Accounts Receivable Analysis A company reports the following: Sales $998,640 Average accounts receivable (net) 55,480 Determine (a) the accounts receivable turnover and (b) the number
Accounts Receivable Analysis A company reports the following: Sales $998,640 Average accounts receivable (net) 55,480 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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