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Question 16. Accounts Receivable Analysis A company reports the following: Sales $158,410 Average accounts receivable (net) 22,630 Determine (a) the accounts receivable turnover and (b)

Question 16.

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Accounts Receivable Analysis A company reports the following: Sales $158,410 Average accounts receivable (net) 22,630 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days

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