A company reports the following: Sales $183,960 Average accounts receivable (net) 26,280 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables.
A company reports the following: Sales $183,960 Average accounts receivable (net) 26,280 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4BE
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
Transcribed Image Text:A company reports the following:
Sales
$183,960
Average accounts receivable (net) 26,280
Determine (a) the accounts receivable turnover and (b) the number of
days' sales in receivables.
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