Answered: Fresh Gear Sports has average accounts…

Fresh Gear Sports has average accounts receivable of $150,000 and annual credit sales of $1.8 million. Calculate: a) The receivables turnover ratio b) The days sales outstanding (DSO)

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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Need Ans general Accounting

Fresh Gear Sports has average accounts
receivable of $150,000 and annual credit sales
of $1.8 million. Calculate: a) The receivables
turnover ratio b) The days sales outstanding
(DSO)

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