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Traditional Media Sign Incorporated sellis on account. Recently, Traditional reported the following figures: 2018 2017 Net Credit Sales $ 506,315 $ 601,500 Net Receivables at
Traditional Media Sign Incorporated sellis on account. Recently, Traditional reported the following figures: 2018 2017 Net Credit Sales $ 506,315 $ 601,500 Net Receivables at end of year 38,200 39,100 Read the requirements. Requirement 1. Computo Traditional's days' sales in receivables for 2018. (Round to the nearest day) First calculate the accounts receivable turnover. (Abbreviations used: AR turn = accounts receivable turnover ratio, Cash Cash including cash equivalents: ST Invest two decimals, Xoc) Net credit sales Average net accounts receivable AR turn 2018 506,315 /
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