Question: E6-24 (Algo) Computing and Interpreting the Receivables Turnover Ratio L06-3 A recent annual report for NPS contained the following data: dollars in thousands) Current Year
E6-24 (Algo) Computing and Interpreting the Receivables Turnover Ratio L06-3 A recent annual report for NPS contained the following data: dollars in thousands) Current Year Previous Year Accounts receivable Less: Allowance for doubtful accounts $ 3,687,000 $4,697,000 191,000 150,000 Net accounts receivable $ 3,496,000 $4,547,000 Net sales (assume all on credit) $ 35,597,000 Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator Denominator O times Average Days Sales in Receivables Numerator Denominator 0 days
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