Dahlia Corporation has a current accounts receivable balance of $337,800. Credit sales for the year just ended were $4,644,750. a. What is the company's receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Receivables turnover b. Days' sales in receivables C Average collection times days
Dahlia Corporation has a current accounts receivable balance of $337,800. Credit sales for the year just ended were $4,644,750. a. What is the company's receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Receivables turnover b. Days' sales in receivables C Average collection times days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Dahlia Corporation has a current accounts receivable balance of $337,800. Credit sales
for the year just ended were $4,644,750.
a. What is the company's receivables turnover? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the company's days' sales in receivables? (Use 365 days a year. Do not
round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.)
c. How long did it take on average for credit customers to pay off their accounts during
the past year? (Use 365 days a year. Do not round intermediate calculations and
round your answer to 2 decimal places, e.g., 32.16.)
a. Receivables turnover
b. Days' sales in receivables
c. Average collection period
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