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Accounts Receivable Analysis A company reports the following: Sales$513,920Average accounts receivable (net)64,240 Determine (a) the accounts receivable turnover and (b) the number of days' sales

Accounts Receivable Analysis

A company reports the following:

Sales$513,920Average accounts receivable (net)64,240

Determine (a) theaccounts receivable turnoverand (b) thenumber 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 turnoverb.Number of days' sales in receivablesdays

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