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Cullumber Corp. currently has accounts receivable of $1,699,000 on net sales of $5,752,000. What are its accounts receivable turnover ratio and days sales outstanding (DSO)?
Cullumber Corp. currently has accounts receivable of $1,699,000 on net sales of $5,752,000. What are its accounts receivable turnover ratio and days sales outstanding (DSO)? (Round accounts receivable turnover ratio answer to 2 decimal places, e.g. 12.25 and days sales outstanding answer to 1 decimal place, e.g. 12.2. Use 365 days for calculation.)
Accounts receivable turnover ratio = ____
Day's sales outstanding = _____
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