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fertowe 13 2 4 w A S F 3 H Accounts Receivable Analysis A company reports the following: Sales $597,870 Average accounts receivable (net) 28,470

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fertowe 13 2 4 w A S F 3 H Accounts Receivable Analysis A company reports the following: Sales $597,870 Average accounts receivable (net) 28,470 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round Interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover 9 x b. Number of days' sales in receivables 40.55 x days Feedback Check My Work a. Divide sales by average accounts receivable. b. Divide average accounts receivable by average daily sales. Average daily sales are sales divided by 365 days Previous Next > Check My Work

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