(dollars in thousands) Previous Year $4,647,000 138,000 $4,509,000 Current Year $ 3,687,000 193,000 $ 3,494,000 $ 35,597,000 Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator 0 times Denominator Average Days Sales in Receivables Numerator 0 days Denominator
(dollars in thousands) Previous Year $4,647,000 138,000 $4,509,000 Current Year $ 3,687,000 193,000 $ 3,494,000 $ 35,597,000 Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator 0 times Denominator Average Days Sales in Receivables Numerator 0 days Denominator
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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Question
Please answer this question. I provide a picture with the information so I do not ave to type it out!
Transcribed Image Text:A recent annual report for NPS contained the following data:
(dollars in thousands)
Current Year
Previous Year
$ 3,687,000
193,000
$ 3,494,000
$ 35,597,000
$ 4,647,000
138,000
$4,509,000
Accounts receivable
Less: Allowance for doubtful accounts
Net accounts receivable
Net sales (assume all on credit)
Required:
1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not
round intermediate calculations. Enter your answers in thousands not in dollars.)
Receivables Turnover Ratio
Numerator
0 times
Denominator
Average Days Sales in Receivables
Numerator
0 days
Denominator
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