Question: no handwriting please E6-25 (Algo) Computing and interpreting the Receivables Turnover Ratio LO6-3 A recent annual report for Libby, Inc. contained the following data: Less:

no handwriting please

E6-25 (Algo) Computing and interpreting the Receivables Turnover Ratio LO6-3 A recent annual report for Libby, Inc. contained the following data: Less: Allowances Net accounts receivable Net sales assume all on credit Bildollaten thousands) Current Yes Previous Year $ 4.903,000 $6,114,000 119,000 114,000 214.000 $15,000,000 561.901,000 Required: 1. Determine the receivables tumover 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.) never LIMIN

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