Silverstone Manufacturing Co. has a current accounts receivable balance of $412,600. Credit sales for the year just ended were $5,125,000. What are the company's receivables turnover and days' sales in receivables?

Silverstone Manufacturing Co. has a current accounts receivable balance of $412,600. Credit sales for the year just ended were $5,125,000. What are the company's receivables turnover 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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Provide correct answer this general accounting question

Silverstone Manufacturing Co. has a current accounts receivable
balance of $412,600. Credit sales for the year just ended were
$5,125,000. What are the company's receivables turnover and days'
sales in receivables?

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