A company reports net sales of $3,200,000,000. Its accounts receivable at the beginning of the year are $200,000,000, and at the end of the year, they are $240,000,000. Compute the Accounts Receivable Turnover Ratio and the Average Collection Period in days.

A company reports net sales of $3,200,000,000. Its accounts receivable at the beginning of the year are $200,000,000, and at the end of the year, they are $240,000,000. Compute the Accounts Receivable Turnover Ratio and the Average Collection Period in days.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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A company reports net sales of $3,200,000,000. Its accounts receivable at the
beginning of the year are $200,000,000, and at the end of the year, they are
$240,000,000. Compute the Accounts Receivable Turnover Ratio and the
Average Collection Period in days.

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