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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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hello 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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