Aqua Trail Products Inc. has a current accounts receivable balance of $365,000. Credit sales for the year just ended were $4,745,000. What are the receivables turnover and the days' sales in receivables?

Aqua Trail Products Inc. has a current accounts receivable balance of $365,000. Credit sales for the year just ended were $4,745,000. What are the receivables turnover and the days' sales in receivables?

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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Question

Can you help me solve this financial accounting question using the correct financial procedures?

Aqua Trail Products Inc. has a current accounts receivable
balance of $365,000. Credit sales for the year just ended
were $4,745,000.
What are the receivables turnover and the days' sales in
receivables?

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