Answered: Hurren Enterprises currently has…

Hurren Enterprises currently has accounts receivable of $980,500 on net sales of $5,400,000. 1. Calculate the Accounts Receivable Turnover Ratio 2. Calculate 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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Question

Please answer the following requirements on these general accounting question

Hurren Enterprises currently has accounts receivable of $980,500
on net sales of $5,400,000.
1. Calculate the Accounts Receivable Turnover Ratio
2. Calculate the Days' Sales Outstanding (DSO)

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