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I do not understand how the accounts receivable turnover was calculated to get 125.00 Requirement 1. Compute Geneva's days' sales in receivables or days' sales
I do not understand how the accounts receivable turnover was calculated to get 125.00
Requirement 1. Compute Geneva's days' sales in receivables or days' sales outstanding (DSO) during 2019. (For this exercise, use "net sales" for "net credit sales" when calculating ratios.) Select the formula and perform the calculation for Geneva's days' sales outstanding. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) 365 days i Accounts receivable turnover = Days' sales outstanding 125.00 365 Requirement 2. Is Geneva's DSO long or short? Kurzwel Networks takes 39 days to collect its average level of receivables. Domarko Freight, the overnight shipper, takes 33 days. What causes Geneva's collection period to be so different? Geneva's collection period is Kurzwel Networks' and Domarko's collection period. This is due to the fact that chain stores, like Geneva Co., typically and therefore receivables are - X Data Table 2019 2018 ...........$ 523,125 $ 543,125 Receivables at end of.y.ear. 3,860 4,510 Net sales. ........ Print Done
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