Twist Corp. has a current accounts receivable balance of $335,500. Credit sales for the year just ended were $4,448,730. A. What is the company's receivables turnover?
B. What is the company's days' sales in receivables?
C. How long did it take on average for credit customers to pay off their accounts during the past year?

a.) 13.26

b.) 27.53 days

c.) 27.53 days

Explanation:

Given - Twist Corp. has a current accounts receivable balance of $335,500.

             Credit sales for the year just ended were $4,448,730.

To find - A. What is the company's receivables turnover?

              B. What is the company's days' sales in receivables?

             C. How long did it take on average for credit customers to pay off

                  their accounts during the past year?

Proof -

a.)

Formula for Receivables turn over is

Receivables turn over = Net credit sales / Average Accounts receivable

                                     = = 13.26

⇒Company's receivables turnover = 13.26

b.)

Day's sales in receivables = 365 days / Receivable turnovers

                                            = = 27.53

⇒Day's sales in receivables = 27.53 days

c.)

On average , it took 27.53 days for credit customers to pay off their accounts during the past year.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.