Accounts Receivable Analysis A company reports the following: Sales $1,132,960 Average accounts receivable (net) 70,810 Determine...
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Accounts Receivable Analysis A company reports the following: Sales $1,132,960 Average accounts receivable (net) 70,810 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 days receivables Accounts Receivable Analysis A company reports the following: Sales $1,132,960 Average accounts receivable (net) 70,810 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 days receivables
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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