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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Similar questions

calculate these (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days
How do you calculate Accounts Receivable (AR) Turnover and the Number of Days' Sales in Receivables? How is the amount of change method Calculated in horizontal financial statement Analysis?
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 current ratio and accounts receivable turnover?
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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The numerator in calculating the accounts receivable turnover is a. average accounts receivable b. accounts receivable at year-end c. sales d. total assets
True or False. The number of days' sales in receivables is one means of expressing the relationship between average daily sales and accounts receivable.
What does the days’ sales in receivables indicate, and how is it calculated?
Which of the following calculations of receivable turnover is correct? A. Number of days in the year divided by receivable turnover. B. Net sale on account divided by average receivables. C. Cost of goods sold divided by average inventory. D. Net income divided by net sales.
what is the estimate of uncollectible accounts receivable based on the percentage of sales
if the net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover?

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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?