QL Corporation sells computer peripherals, primarily on a credit basis Following are selected iuml not nancial data, expressed in thousands, for this iuml not rm for a recent three year period QL had net sales of $26,128,500 in the year 2006 and accounts receivable of $3,023,000 on January 1, 2007 ...

a 2007 AR turnover 22456000 3023000 3003500 2 224560 ...

QL Corporation sells computer peripherals, primarily on a credit basis. Following are selected ï¬nancial data, expressed in

Question:

QL sells computer peripherals, primarily on a credit basis. Following are selected ï¬nancial data, expressed in thousands, for this ï¬rm for a recent three-year period. QL had net sales of $26,128,500 in the year 2006 and of $3,023,000 on January 1, 2007.

QL Corporation sells computer peripherals, primarily on a credit basis.

Required:
(a) Compute QL€™s accounts receivable turnover ratio and age of receivables for years 2007 through 2009.
(b) Did these ratios improve or weaken over this three-year period? Explain.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...