Refer to the information for Nikkola Company below. Last year, Nikkola Company had net sales of $2,299,500,000

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Refer to the information for Nikkola Company below.

Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances:

Required:
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable turnover in days.

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Cornerstones of Managerial Accounting

ISBN: 978-1305103962

6th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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Question Posted: Aug 25, 2016 08:25 AM

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Refer to the information for Nikkola Company below. Last year, Nikkola Company had net sales of $2,299,500,000

Question:

January 1 December 31 Accounts receivable Inventories $142,650,000 $172,350,000 62,625,800 54,374.200

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Cornerstones of Managerial Accounting

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