Question
Question 3: A company reports the following: Sales $551,880 Average accounts receivable (net) 61,320 Determine (a) the accounts receivable turnover and (b) the number of
Question 3:
A company reports the following:
| Sales | $551,880 |
| Average accounts receivable (net) | 61,320 |
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 |
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
