Accounting Blue Air Inc., has net sales of $740,000 andaccounts receivables of $163,000. What is thefirm's accounts receivables turnover?

Step 1: Define Accounts ReceivableAccounts receivable are of no good if they are not converted into…

Answered: Blue Air Inc., has net sales of…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
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Blue Air Inc., has net sales of $740,000 and accounts receivables of $163,000. What is the firm's accounts receivables turnover?