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 $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.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 12MC: South Rims has an accounts receivable balance at the end of 2018 of $357,470. The net credit sales...
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb9afb7ec-6132-4cc2-ad37-8ac5ebf1a4cc%2F9d0637d3-fabb-44f7-994a-dab1521c9103%2F2g30v1o_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
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