Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Cinderella Company follow: 20Y9 20YS Sales $9,525,000 $7,616,000 Accounts receivable: Beginning of year 715,000 645,000 End of year 785,000 5,000וה a. Determine the accounts receivable turnover for 20Y9 and 20Y8. If required, round the final answers to one decimal place. Accounts Receivable Turnover 20Y9 20Y8 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables 20Y9 days 20Y8 days

Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Cinderella Company follow: 20Y9 20YS Sales $9,525,000 $7,616,000 Accounts receivable: Beginning of year 715,000 645,000 End of year 785,000 5,000וה a. Determine the accounts receivable turnover for 20Y9 and 20Y8. If required, round the final answers to one decimal place. Accounts Receivable Turnover 20Y9 20Y8 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables 20Y9 days 20Y8 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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