Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Receivables Turnover: times b. Days' sales in receivables: days c. Average collection period: days

Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Receivables Turnover: times b. Days' sales in receivables: days c. Average collection period: days

Name: Pls sir fastty Twist Corp. has a current accounts receivable balance o
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Pls sir fastty Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440.a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 deci

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Define agent
Whatisthedifferencebetweensimpleinterestandcompoundinterest?
i provided answers af a b c i need e and d
Final T&SC PP = $ ? where answer for this.?
was due inancial State nc. should report
Hi can you explain transaction F.
What is cpj
Activity 3.5.2.
Define direct quote
Define Will.
What is busd What is xrp How they works
ind a salutien co the Inear equation 14x-y=-14