Explain why Sprint's percentages are so much larger than Weis Markets' percentages. Cromley Corporation reports annual sales

Question:

Explain why Sprint's percentages are so much larger than Weis Markets' percentages. Cromley Corporation reports annual sales of $1,800,000. Its accounts receivable throughout the year averaged $150,000.

a. Compute the company's accounts receivable turnover rate.

b. Compute the average days outstanding of the company's accounts receivable.

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...