A recent annual report for Dell, Inc., contained the following data: Required: 1. Determine the accounts receivable
Question:
A recent annual report for Dell, Inc., contained the following data:
Required:
1. Determine the accounts receivable turnover ratio and average days sales in receivables for the current year.
2. Explain the meaning of eachnumber.
Transcribed Image Text:
dollars in thousands) Current Year Previous Year S 4,748,000 $4,179,000 Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) 126,000 97,000 $ 4,622,000 4,082,000 $57,420,000
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