Answered: The accounts receivable turnover for…

The accounts receivable turnover for the year is 9.5. Net sales for the period are 100,000. What is number of days' sales are in receivable?

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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hi teacher please solve questions

The accounts receivable turnover for the
year is 9.5. Net sales for the period are
100,000. What is number of days' sales are
in receivable?

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