Question
The following information pertains to Skeleton resorts: Credit sales. $450000 Net accounts receivable beginning. $63000 Net accounts receivable ending. $54000 Allowance for Bad debts ending.
The following information pertains to Skeleton resorts:
Credit sales. $450000
Net accounts receivable beginning. $63000
Net accounts receivable ending. $54000
Allowance for Bad debts ending. $5000
Calculate Skeletons receivables turnover ratio, days in receivables ratio and allowance ratio.
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
