Zebra Company has cash of $60,000, net accounts receivable of $135,000, and net sales of $1,080,000. Last
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Zebra Company has cash of $60,000, net accounts receivable of $135,000, and net sales of $1,080,000. Last year’s net accounts receivable were $100,000. Compute the following ratios (Note: Round to one decimal place.):
a. Receivable turnover
b. Days’ sales uncollected
Accounts ReceivableAccounts 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...
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