The following information is available from Avalon, Incorporated for the current year:
During the year, the average number of days to sell inventory was 76.1 days.Required:Calculate the following.Accounts receivable turnover ratioAverage number of days to collect accounts receivableLength of operating cycleNet cash flow from sales

Question

The following information is available from Avalon, Incorporated for the current year:
  During the year, the average number of days to sell inventory was 76.1 days.Required:Calculate the following.Accounts receivable turnover ratioAverage number of days to collect accounts receivableLength of operating cycleNet cash flow from sales

Quizplus · Accepted Answer

The Answer of The following information is available from Avalon, Incorporated for the current year:
  During the year, the average number of days to sell inventory was 76.1 days.Required:Calculate the following.Accounts receivable turnover ratioAverage number of days to collect accounts receivableLength of operating cycleNet cash flow from sales

The Following Information Is Available from Avalon, Incorporated for the Current