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Aguilera Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,515,830. What is the company's receivables turnover?
Aguilera Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,515,830. |
What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Receivables turnover | times |
What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Days' sales in receivables | days |
How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Average collection period | days |
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