A company reports the following:
$$\begin{array} { l r }
\text { Net sales } & \$ 750,000 \
\text { Average accounts receivable (net) } & \$ 50,000
\end{array}$$
Determine the (a) accounts receivable turnover and (b) days' sales in receivables.Round your answers to one decimal place.

Question

A company reports the following:
​ $$\begin{array} { l r } 
\text { Net sales } & \$ 750,000 \
\text { Average accounts receivable (net) } & \$ 50,000
\end{array}$$ ​
Determine the (a) accounts receivable turnover and (b) days' sales in receivables.Round your answers to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following:
​ $$\begin{array} { l r } 
\text { Net sales } & \$ 750,000 \
\text { Average accounts receivable (net) } & \$ 50,000
\end{array}$$ ​
Determine the (a) accounts receivable turnover and (b) days' sales in receivables.Round your answers to one decimal place.

A Company Reports the Following: ​ Net sales $750,000 Average accounts receivable (net) $50,000\begin{array} { l r } \text { Net sales } & \$ 750,000 \\\text { Average accounts receivable (net) } & \$ 50,000\end{array} Net sales Average accounts receivable (net) ​$750,000$50,000​

A Company Reports the Following:
$\begin{array} { l r } \text { Net sales } & \$ 750,000 \\\text { Average accounts receivable (net) } & \$ 50,000\end{array}$