Norwood Corp. currently has accounts receivable of $1,223,675 on net sales of $6,216,900. What are its accounts

Question:

Norwood Corp. currently has accounts receivable of $1,223,675 on net sales of $6,216,900. What are its accounts receivable turnover ratio and days’ sales outstanding (DSO)?

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...