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Compute the Days in Accounts Receivable Ratio. The Net Sales Revenues for the Year were $300,000 The Beginning Accounts Receivable Balance was $25,000 The Ending
Compute the Days in Accounts Receivable Ratio.
The Net Sales Revenues for the Year were $300,000
The Beginning Accounts Receivable Balance was $25,000
The Ending Accounts Receivable Balance was $50,000.
Show your Answer as a Number Only to the Closest Day, NO Decimals Commas or other symbols.
Days in Accounts Receivable = 365 / AR Turnover
AR Turnover = Sales Revenues / the Avg Acct Receivable Balance
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