Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.
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Net sales total $525,000. Beginning and ending
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- Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had the following balances: Refer to the information for Tobys on the previous page. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Calculate day's sales in receivables?
- Net sales total $438,000. Beginning and ending accounts receivable are $35,000 and $37,000, respectively. Calculate days' sales in receivables. A.27 days B.30 days C.36 days D.31 daysSales on net credit amount to $584,000. The accounts receivable at the beginning and end are $46,000 and $50,000, respectively. Determine the days of outstanding sales.Calculate days' sales in receivables.
- Elite Services Inc. had total net credit sales of $900,000 for the year. The beginning accounts receivable balance was $70,000, and the ending balance was $90,000. Calculate the accounts receivable turnover ratio. • Determine the average collection period in days.Calculate the days sales in receivable?Net sales total $803,000 Beginning andending accounts receivable are $80,000 and $74,000, respectively. Calculate days' sales in receivables. Help me to solve this accounting Question.