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What did I do wrong here in red? npleted so far. It does Hamilton Derby Warner Beginning Ending Accounts Accounts Receivable Receivable $1,645 $2,592 5,316
What did I do wrong here in red?
npleted so far. It does Hamilton Derby Warner Beginning Ending Accounts Accounts Receivable Receivable $1,645 $2,592 5,316 5,844 459 495 Net Sales $305,427 50,878 51,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Hamilton, Derby, and Warner. (Do not rour intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables ratio" answers to one decimal place.) Answer is not complete. Receivables Turnover Ratio Net sales Average accounts receivable S $ Hamilton Derby Warner $ $ 305,427 50,878 51.963 Receivables turnover ratio 103.9 times 9.1 + times 54.5 times 2,941.03 5,580.0 954.0 s S 365 Hamilton Derby Warner 365 365 365 Average Collection Period Receivables turnover ratio - 103 93 91 54.5 % Average collection period 3.5 days 40.1 days 6.7 days Step by Step Solution
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