The financial statements of Magnotta Winery Corporation report net sales of $23,223,804 for its year ended January 31, 20ll Accounts receivable are $616,797 at January 31, 2011, and $590,322 at January 31, 2010 Calculate the company 's accounts receivable turnover ratio and the average collection p...

The accounts receivable turnover ratio is calculated ...

The financial statements of Magnotta Winery Corporation report net sales of $23,223,804 for its year ended January

Question:

The of Magnotta Winery report net sales of $23,223,804 for its year ended January 31, 20ll. are $616,797 at January 31, 2011, and $590,322 at January 31, 2010.
Calculate the company's turnover ratio and the average collection period for in days. Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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...