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At the end of 2018, accounts receivable amounted to $163,000. At the beginning of the year it was $242,000. Net credit sales for the year
At the end of 2018, accounts receivable amounted to $163,000. At the beginning of the year it was $242,000. Net credit sales for the year amounted to $720,000 and net income was calculated to be $197,000.
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 times
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