Question: 10 Problem 3-3 Calculating the Average Collection Period [LO 2] Ordonez Lumber Yard has a current accounts receivable balance of 5439,016. Credit sales for the
Problem 3-3 Calculating the Average Collection Period [LO 2] Ordonez Lumber Yard has a current accounts receivable balance of 5439,016. Credit sales for the year just ended were $5.384,500 What is the receivables turnover? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.... 32.16.) Receivables turnover times What is the days sales in receivables? (Do not round Intermediate calculations and round your answer to 2 decimal places, 6.9. 32.16.) Days' sales in receivables days How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection period days
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