Accounts Receivable Analysis
A company reports the following:
Sales $315,360
Aver...
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Business, 18.06.2021 20:10 maria241432
Accounts Receivable Analysis
A company reports the following:
Sales $315,360
Average accounts receivable (net) 39,420
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
a. Accounts receivable turnover
b. Number of days' sales in receivables
days
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