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Hoth Company has a net accounts receivable opening balance of $166,000 and an ending balance of $219,000. The total sales amount for the year is
Hoth Company has a net accounts receivable opening balance of $166,000 and an ending balance of $219,000. The total sales amount for the year is $705,000, of which 60% is on credit. Calculate the days sales outstanding and the accounts receivable turnover. Do not enter dollar signs or commas in the input boxes. Round days sales outstanding to the nearest whole number. Days Sales Outstanding = Answer days Round accounts receivable turnover to 2 decimal places. Accounts Receivable Turnover = Answer times
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