Question
At the end of 2019, accounts receivable amounted to $232,000. At the beginning of the year it was $182,000. Net credit sales for the year
At the end of 2019, accounts receivable amounted to $232,000. At the beginning of the year it was $182,000. Net credit sales for the year amounted to $763,000 and net income was calculated to be $210,000.
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 =
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
