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Sar company wants to maintain control over accounts receivable. Sar company understands that days' sales in receivables (accounts receivable turnover in days) and accounts receivable
Sar company wants to maintain control over accounts receivable. Sar company understands that days' sales in receivables (accounts receivable turnover in days) and accounts receivable turnover will give a good indication of how well receivables are being managed. Sar company provided the following pertinent data Required: Net sales Receivables less allowance for doubtful accounts: Beginning of period (allowance January 1,$3,000,August 1,$4,000) End of period (allowance December 31, $3,500, July 31, $4,100) For Year Ended Dec. 31, 2014 $800,000 50,000 55,400 Compute the days' sales in receivables for December 31, 2014, based on the above data (SHOW COMPUTATION) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10/Man
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