westigateParagraphSa. Accounts receivable turnoverb. Number of days' sales in receivablesAccounts receivable, end of yearSales on accountEX.17-09.ALGO - Accounts Receivable AnalysisThe following data are taken from the financial statements of Sigmon Inc.1. Accounts receivable turnoverF52. Number of days' sales in receivables2013F6W6-Financial Ratio Analysis - Exercise #1.docxQ Search20Y2$182,600$197,0001,043,900 1,001,560For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number ofdays' sales in receivables. Round answers to one decimal place. Assume a 365-day year.20Y3F720818.3F8IStylesdaysF920Y1$211,800Daysprt scF1020Y2DALLhomeF11WDaysendF12insert

ACCOUNT RECEIVABLE TURNOVER RATIOAccount Receivable Turnover Ratio is the Ratio between Net Sales…

EX.17-09.ALGO - Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Accounts receivable, end of year Sales on account 20Y3 20Y2 $182,600 $197,000 1,043,900 1,001,560 For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables 20Y1 $211,800 I Days Days

EX.17-09.ALGO - Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Accounts receivable, end of year Sales on account 20Y3 20Y2 $182,600 $197,000 1,043,900 1,001,560 For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables 20Y1 $211,800 I Days Days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Accounts Receivable Analysis The following data are taken from the financial statements of Basinger Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $171,400 $179,000 $186,000 Sales on account 1,068,720 1,003,750 a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover fill in the blank 1 fill in the blank 2 2. Number of days' sales in receivables fill in the blank 3 days fill in the blank 4 days b. The collection of accounts receivable has . This can be seen in both the in accounts receivable turnover and the in the collection period.
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