Answered: Boom-Lay Corp. has a current accounts…

Boom-Lay Corp. has a current accounts receivable balance of $327,815. Credit sales for the year just ended were $4,238,720. 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

What are the receivable turnover and the day's sales in receivables on these financial accounting question?

Boom-Lay Corp. has a current accounts
receivable balance of $327,815. Credit sales for the
year just ended were $4,238,720.
What are the receivables turnover and the days'
sales in receivables?

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