Net sales total $720,000. Beginning and ending accounts receivable are $65,000 and $71,000, respectively. Calculate days' sales in receivables.
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Net sales total $720,000. Beginning and ending accounts receivable are $65,000 and $71,000, respectively. Calculate days' sales in receivables.
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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 $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.Net sales total $680,000. Beginning and ending accounts receivable are $58,000 and $64,000, respectively. Calculate days' sales in receivables. HELPNet sales total $525,000.
- I am waiting for answerNet credit sales total $1,512,500. Beginning and ending accounts receivable are $46,000 and $75,000, respectively. Calculate the days' sales outstanding.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 days
- Sales 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.GHI Industries had total net sales of $750,000. The beginning and ending accounts receivable were $62,000 and $68,000, respectively. What is the days' sales in receivables?Calculate days' sales in receivables.