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Problem #9: Accounts Receivable Ratios Given the information below, write the formulas for Accounts Receivable Turnover and Days-in-Receivables. Compute the ratios for 2017. 2016 2017
Problem #9: Accounts Receivable Ratios
Given the information below, write the formulas for Accounts Receivable Turnover and Days-in-Receivables. Compute the ratios for 2017.
|
| 2016 | 2017 |
| Net Credit Sales | $75,300 | $76,700 |
| Accounts Receivable | $45,600 | $43,200 |
| AFDA (credit balance) | $3,200 | $4,400 |
Accounts Receivable Turnover (formula)=
AR Turnover for 2017
Days-in-Receivables (formula)= Days-in-Receivables for 2017
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