Question: Can you help me with the question (c1) . Thank you Please Help me with problem (c1) Calculate the accounts receivable turnover. Assume that the



Prepare the current assets section of the balance sheet for Splish Brothers Inc, assuming that in addition to the receivables it has cash of $85,600, merchandise inventory of $191,900, and supplies of \$13,700. (List Current Assets in order of liquidity) Attempts: 2 of 7 used (c1) Calculate the accounts receivable turnover. Assume that average net accounts receivable were $320,000. (Round answer to 1 declmal ploce, eg. 12.5. Accounts receivable turnover times During its first year of operaticns, Splish Brothers inc, had credit sales of $3,104,000, of which $386,700 remaincd uncollectod at year-end. The credit manaser estimates that $16,900 of these receivatides will become uscallectible. (a) Your answer is cortect Prepare the journal entry to record the estimated uncollectibles. (Assame an unadiusted balance of zero in Allowance for Dsubtfst Accounts) (Credit accosnt titles are automatically indented when ormant is entered Do not indent marually] (b) Accounts receivable turnover Your answer is correct. Prepare the current assets section of the balance sheet for Splish Brothers Inc, assuming that in addition to the receivables it has cash of $85,600, merchandise inventory of $191,900, and supplies of $13,700. (List Current Assets in order of liquidity) Calculate the accounts receivable turnover. Assume that average net accounts receivable were $320,000. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover times List of Accounts
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