Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data exists for Carla Vista Company. 2022 2021 Accounts Receivable $84,000 $76,000 Net Sales 593,000 500,000 Calculate the accounts receivable turnover and the
The following data exists for Carla Vista Company.
2022 | 2021 | ||||
---|---|---|---|---|---|
Accounts Receivable | $84,000 | $76,000 | |||
Net Sales | 593,000 | 500,000 |
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2022. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)
Accounts receivable turnover | Enter the accounts receivable turnover in times | times | |
Average collection period | Enter the average collection period in days | days |
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