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At the end of 2013, accounts receivable amounts to $243,000. At the beginning of the year it was $161,000. Net credit sales for the year
At the end of 2013, accounts receivable amounts to $243,000. At the beginning of the year it was $161,000. Net credit sales for the year amounted to $886,000 and net income was calculated to be $171,000.
Determine the days sales outstanding ratio and the accounts receivable turnover ratio.
Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Days Sales Outstanding = Answer days Accounts Receivable Turnover = Answer
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