Answered: Ocean Breeze Ltd. has a current…

Ocean Breeze Ltd. has a current accounts receivable balance of $410,500. Credit sales for the year just ended were $5,150,000. What are the receivables turnover and the 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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Financial Accounting Question need help

Ocean Breeze Ltd. has a current accounts
receivable balance of $410,500. Credit sales for
the year just ended were $5,150,000.
What are the receivables turnover and the
days' sales in receivables?

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