Harborview Industries has a current accounts receivable balance of $410,500. The company's credit sales for the year just ended were $5,120,000. What are the receivables turnover ratio and days' sales in receivables?
Harborview Industries has a current accounts receivable balance of $410,500. The company's credit sales for the year just ended were $5,120,000. What are the receivables turnover ratio and days' sales in receivables?
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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What are the receivable turnover ratio and days sales in receivables of these financial accounting question?

Transcribed Image Text:Harborview Industries has a current accounts receivable balance of
$410,500. The company's credit sales for the year just ended were
$5,120,000.
What are the receivables turnover ratio and days' sales in receivables?
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