A company reports the following: Sales $4,000,000 Average accounts receivable (net) 200,000 Determine (a) the accounts receivable

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A company reports the following:

Sales	$4,000,000
Average accounts receivable (net)	200,000

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover
b. Number of days' sales in receivables	days

Related Book For answer-question

Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Apr 03, 2020 01:06 AM

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A company reports the following: Sales $4,000,000 Average accounts receivable (net) 200,000 Determine (a) the accounts receivable

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a Account Receivable Turnover From Account Receivable Turnover ... View the full answer

Financial ACCT2

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