A company reports the followingsales832000average accounts, Ask an Expert

Accounting

A company reports the following:

Sales	$832,000
Average accounts receivable (net)	80,000

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover
b. Number of days' sales in receivables	days

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91737953

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