Explain how the calculation of the gross margin percentage and the ratio of accounts receivable to sales,

Question:

Explain how the calculation of the gross margin percentage and the ratio of to sales, and their comparison to that of previous years, are related to the confirmation of and other tests of the accuracy of 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...