A company reports the following: Sales .........................................................................$1,460,000 Average accounts receivable (net)........................... 100,000 Determine (a) The accounts receivable
Question:
A company reports the following:
Sales .........................................................................$1,460,000
Average accounts receivable (net)........................... 100,000
Determine
(a) The accounts receivable turnover
(b) The number of days’ sales in receivables.
Round to one decimal place
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Related Book For 
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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