Assume that company solve question ❓ Assume that a company has an accounts receivableturnover ratio equal to 12. What is its number ofdays' sales in receivables?

Step 1: Define accounts receivable turnover ratioAccounts receivable turnover ratio and days sales…

Answered: Assume that a company has an accounts…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Subject: financial accounting
calculate these (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days
Accounts receivable turnover is 4. What is the average collection period assuming annual data are used? What is the average collection period assuming quarterly data are used?
What is the accounts receivable turnover rate on these accounting question?
I need answer of this question solution general accounting
What is accounts payable turnover?a. Purchases on account divided by average accounts payableb. A measure of liquidityc. A measure of the number of times a year a company is able to pay its accounts payabled. All of the listed answers are correct.
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What is the receivable turnover ratio?
The numerator in calculating the accounts receivable turnover is a. average accounts receivable b. accounts receivable at year-end c. sales d. total assets
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
What relationship exists between the average collection period and accounts receivable turnover? Select one: a. There is a direct and proportional relationship. b. Both ratios are expressed in number of days. c. As average collection period increases (decreases) the accounts receivable turnover decreases (increases). d. Both ratios are expressed in number of times receivables are collected per year.
What is the account receivable turnover rate?

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Assume that a company has an accounts receivable turnover ratio equal to 12. What is its number of days' sales in receivables?