Company had the following​ balances: December 31, 2011 December 31, 2010 Receivables, net $450,000 $425,000 Sales (all credit) $1,675,000 $1,248,700 Calculate the accounts receivable turnover ratio for 2011. On​ average, how many days does it take Jack Company to collect its accounts​ receivable?

Answer rating: 100% (QA)

Step 1 of 6 A Account Receivable Turnover Account Receivable turnover ratio is the collection of mon... View the full answer