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Napoli Media Sign Incorporated sellis on account. Recently, Napoli reported the following figures Net Credit Sales Net Receivables at end of year 2018 524 475
Napoli Media Sign Incorporated sellis on account. Recently, Napoli reported the following figures Net Credit Sales Net Receivables at end of year 2018 524 475 $ 38,600 2017 604,000 39,100 Read the requirements Requirement 1. Compute Napoll's days' sales in receivables for 2018. (Round to the nearest day) First calculate the accounts receivable turnover. (Abbreviations used: AR tum accounts receivable turnover ratio; Cash Invest. = short-term investments. Round the accounts receivable tumover ratios to two decimals, XXX) Cash including cash equivalents:ST AR tum 2018 Requirements 1. Compute Napoli's days' sales in receivables for 2018. (Round to the nearest day.) Suppose Napoll's normal credit terms for a sale on account are 2/10, net 30. How well does Napoli's collection period compare to the company's credit terms? Is this good or bad for Napoli? nswer Check
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