Can you help me with General accounting question? A company reports the following:⚫ Sales: $250,000⚫ Average accounts receivable (net): $40,500Determine:(a) The accounts receivable turnover(b) The number of days' sales in receivables

Step 1: Definition of Accounts Receivable Turnover & Days' Sales in ReceivablesThe accounts…

Answered: A company reports the following: ⚫…

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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FINANCIAL RATIOS Use the work sheet and financial statements prepared in Problem 15-8B. All sales are credit sales. The Accounts Receivable balance on January 1 was 38,200. REQUIRED Prepare the following financial ratios: (a)Working capital (b)Current ratio (c)Quick ratio (d)Return on owners equity (e)Accounts receivable turnover and the average number of days required to collect receivables (f)Inventory turnover and the average number of days required to sell inventory
A company reports the following: Sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365- day year. a. Accounts receivable turnover $398,580 76,650 b. Number of days' sales in receivables days
A company reports the following:Sales $1,500,000Average accounts receivable (net) 100,000Determine (a) the accounts receivable turnover and (b) the number of days’ sales in receivables. Round to one decimal place.
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Subject: financial accounting
A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables.
A company reports the following: Sales $399,675 Average accounts receivable (net) 54,750 Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your 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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A company reports the following: ⚫ Sales: $250,000 ⚫ Average accounts receivable (net): $40,500 Determine: (a) The accounts receivable turnover (b) The number of days' sales in receivables