Question: having trouble with this one A recent annual report for NPS contained the following data: (dollars in thousands) Current Year Previous Year Accounts receivable $

having trouble with this one

having trouble with this one A recent annual report for NPS contained

A recent annual report for NPS contained the following data: (dollars in thousands) Current Year Previous Year Accounts receivable $ 3,627,000 $4,647,000 Less: Allowance for doubtful accounts 191,000 152,000 Net accounts receivable $ 3,436,000 $4,495,000 Net sales (assume all on credit) 5 36,397,000 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.) Numerator _ _ _

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!