A recent annual report for Dell, Inc., contained the following data: Required: 1. Determine the receivables turnover

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A recent annual report for Dell, Inc., contained the following data:

Required:
1. Determine the receivables turnover ratio and average days sales in receivables for the current year.
2. Explain the meaning of eachnumber.

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Fundamentals Of Financial Accounting

ISBN: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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Question Posted: Jul 01, 2014 02:02 AM

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A recent annual report for Dell, Inc., contained the following data: Required: 1. Determine the receivables turnover

Question:

dollars in thousands) Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable Net sales (assume all on credit) Current Year Previous Year 6,539,000 $6,589,000 6,476,000 $6,493,000 63,000 96,000 $62,071,000

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Req 1 Receivables turnover Net Sales 62071000 95722 times Average Net Trade Accounts Rece...View the full answer

Fundamentals Of Financial Accounting

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