Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of days? a. 21 days b. 31 days c. 61 days d. 51 days

Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of days? a. 21 days b. 31 days c. 61 days d. 51 days

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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Question

Company abel has total sales solve this question not use chart gpt..

Company Abel has total sales of $375,000, of which, $125,000 represents cash
sales. Its annual average accounts receivable balance is $42,000. What is its
accounts receivable turnover in terms of days?
a. 21 days
b. 31 days
c. 61 days
d. 51 days

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