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Can someone tell me if this looks right and what the accounts receivable turnover ratio is Accounts Receivable Turnover Ratio 2014 2015 2016 2017 Gross
Can someone tell me if this looks right and what the accounts receivable turnover ratio is
Accounts Receivable Turnover Ratio 2014 2015 2016 2017 Gross Sales (after Trade Discounts) 416,713.51 407,642.05 538,691.19 634,827.92| Less: Allowance for Sales Returns (Gross Sales x 4%) 16,668.54 16,305.68 21,547.65 25,393.12 Net Sales 400,044.97 391,336.37 517,143.55 609,434.80 Gross Ending A/R Allowance (Gross A/Rx 1.5%) Net Ending A/R 110,909.87 108,495.47 143,374.69 168,961.84 1,663.65 1,627.43 2,150.62 2,534.43 109,246.22 106,868.04 141,224.07 166,427.41 Accounts Receivable Turnover Ratio N/A Step by Step Solution
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