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At the end of 2019, accounts receivable amounted to $173,000. At the beginning of the year it was $174,000. Net credit sales for the year
At the end of 2019, accounts receivable amounted to $173,000. At the beginning of the year it was $174,000. Net credit sales for the year amounted to $974,000 and net income was calculated to be $186,000. 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 5.61 times
At the end of 2019, accounts receivable amounted to $173,000. At the beginning of the year it was $174,000. Net credit sales for the year amounted to $974,000 and net income was calculated to be $186,000.
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
5.61
times
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
