Bo Sports' 2008 net sales, average net trade accounts receivable, and net income were $7,300,000, $1,655,000, and

Question:

Bo Sports' 2008 net sales, average net trade accounts receivable, and net income were $7,300,000, $1,655,000, and $745,000, respectively.

Required:

Calculate Bo's:

1. Accounts receivable turnover

2. Net profit margin ratio

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...