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Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days Last year, Nikkola Company had net sales of
Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days Last year, Nikkola Company had net sales of $2,310,000,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances: Open spreadsheet Required: Note: Assume 365 days per year. 1. Calculate the average accounts receivable. $ 2. Calculate the Accounts receivable turnover ratio. Round answer to one decimal place. times 3. Calculate the accounts receivable turnover in days. Do not round intermediate calculations. Round answer to one decimal place. days
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