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At the end of 2020, accounts receivable for Kopycat Interiors amounted to $212,000. At the beginning of the year it was $165,000. Net credit sales
At the end of 2020, accounts receivable for Kopycat Interiors amounted to $212,000. At the beginning of the year it was $165,000. Net credit sales for the year amounted to $722,000 and net income was calculated to be $172,000.
Determine the days sales outstanding ratio and the accounts receivable turnover ratio.
Do not enter dollar signs or commas in the input boxes.
Round Days Sales Outstanding to the nearest whole number. Round turnover to 2 decimal places.
Days Sales Outstanding =Answer
days
Accounts Receivable Turnover =Answer
times
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