Question
suppose the following information was taken from the 2025 financial statements of Boxcorp corporation, a major global transportation company. In millions 2025 2024 Accounts receivable
suppose the following information was taken from the 2025 financial statements of Boxcorp corporation, a major global transportation company.
In millions 2025 2024
Accounts receivable ( Gross ) 3650 4550
Accounts receivable ( Net ) 3200 4400
Allowance for doubtful accts. 450 450
Sales Revenue 34960 34960
Total Current assets 7164 7164
A) How many times does accounts receivable turnover ?
B) How many days is the average collection period ?
Round to 1 decimal place
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
