Heal of Approval Spa reports the following information for the years ended December 31,20X2 and 20X3:
$\begin{array} { l l l }
& 20 \times 3 &20 \times 2 \
\text { Sales }&\$640000&\$720000\
\text { Accounts Receivable } & 40,000 & 60,000
\end{array}$
Sales consisted of 80% credit sales and 20% cash sales during 20X2 and 20X3.
From the information given previously for Heal of Approval Spa,determine the
a.accounts receivable turnover for 20X3.
b.days to collect accounts receivable for 20X3.

Question

Heal of Approval Spa reports the following information for the years ended December 31,20X2 and 20X3:
$\begin{array} { l l l } 
& 20 \times 3 &20 \times 2 \
\text { Sales }&\$640000&\$720000\
\text { Accounts Receivable } & 40,000 & 60,000
\end{array}$ 
Sales consisted of 80% credit sales and 20% cash sales during 20X2 and 20X3.
From the information given previously for Heal of Approval Spa,determine the
a.accounts receivable turnover for 20X3.
b.days to collect accounts receivable for 20X3.

Quizplus · Accepted Answer

The Answer of Heal of Approval Spa reports the following information for the years ended December 31,20X2 and 20X3:
$\begin{array} { l l l } 
& 20 \times 3 &20 \times 2 \
\text { Sales }&\$640000&\$720000\
\text { Accounts Receivable } & 40,000 & 60,000
\end{array}$ 
Sales consisted of 80% credit sales and 20% cash sales during 20X2 and 20X3.
From the information given previously for Heal of Approval Spa,determine the
a.accounts receivable turnover for 20X3.
b.days to collect accounts receivable for 20X3.

Heal of Approval Spa Reports the Following Information for the Years