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Pujols Lumber Yard has a current accounts receivable balance of $440,016. Credit sales for the year just ended were $5,153,850. Requirement 1: What is the
Pujols Lumber Yard has a current accounts receivable balance of $440,016. Credit sales for the year just ended were $5,153,850. Requirement 1: What is the receivables turnover? (Round your answer to 2 decimal places (e.g., 32.16).) Receivables turnover times Requirement 2: The days' sales in receivables? (Round your answer to 2 decimal places (e.g., 32.16).) Days' sales in receivables days Requirement 3: How long did it take on average for credit customers to pay off their accounts during the past year? (Round your answer to 2 decimal places (e.g., 32.16).) Average collection period days
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