Calculate accounts receivable turnover for the following two companies: _____________________________________ Simpson _ Martinez Net Credit Sales.............................................. $90,000

Question:

Calculate accounts receivable turnover for the following two companies:

___________________________________________ Simpson _______ Martinez

Net Credit Sales.............................................. $90,000 ........... $48,000

Net Accounts Receivable, Beginning ...................... 18,000 ............ 21,000

Net Accounts receivable, Ending .......................... 15,000 ............ 23,000

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...