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Twist Corp. has a current accounts receivable balance of $342,800. Credit sales for the year just ended were $4,902,040. a. What is the company's receivables
Twist Corp. has a current accounts receivable balance of $342,800. Credit sales for the year just ended were $4,902,040. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Receivables turnover times days b. Days' sales in receivables Average collection period C. days
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