Ortiz Lumber Yard has a current accounts receivable balance of $477,615 Credit sales for the year just ended were $2,951,600 Required (a) What is the receivables turnover (Click to select)6 80 times 16 times4 94 times6 18 times5 56 times (b) What is the days' sales in receivables (Click to select)59 06 days53 15 days47 25 days70 87 days64 97 days

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Ortiz Lumber Yard has a current accounts receivable balance of $477,615. Credit sales for the year just ended were $2,951,600. Required: (a) What is the

Ortiz Lumber Yard has a current accounts receivable balance of $477,615. Credit sales for the year just ended were $2,951,600.

Required:

(a)	What is the receivables turnover?

	(Click to select)6.80 times.16 times4.94 times6.18 times5.56 times

(b)	What is the days' sales in receivables?

	(Click to select)59.06 days53.15 days47.25 days70.87 days64.97 days

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