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At the end of 2020, a company has Cash of $76,000, Net Accounts Receivable of $30,000, Net Accounts Payable of $27,000, and Net Sales of
At the end of 2020, a company has Cash of $76,000, Net Accounts Receivable of $30,000,
Net Accounts Payable of $27,000, and Net Sales of $99,000.
The previous years Net Accounts Receivable was $36,000.
Compute:
(i). The Receivables turnover for 2020;
(ii). Average days Sales Uncollected; Assume 360 days in a year;
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