Answered: Springdale Supplies has a current…

Springdale Supplies has a current accounts receivable balance of $532,450. Credit sales for the year just ended were $3,800,000. What is the receivables turnover? 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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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Question

What is the receivables turnover? The days' sales in receivables? Please answer the financial accounting question

Springdale Supplies has a current accounts receivable
balance of $532,450. Credit sales for the year just ended
were $3,800,000.
What is the receivables turnover? The days' sales in
receivables?

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