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The following current year information is available from a manufacturing company : Sales : SAR 640,000 Gross profit on sales : 276,000 Operating income :
The following current year information is available from a manufacturing company :
Sales : SAR 640,000
Gross profit on sales : 276,000
Operating income : 64,000
Income before taxes : 44,000
Net income : 33,000
Accounts receivable, beginning-year : 58,000
Accounts receivable ,end-of-year : 70,000
Calculate the company's accounts receivable turnover and its number of day's sales in receivables :
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Hospitality Industry Managerial Accounting
Authors: Raymond S. Schmidgall
8th Edition
0866124977, 9780866124973
