e-Shop Inc.has net sales on account of $1,200,000.The average net accounts receivable are $600,000.Calculate the days' sales in receivables.

Name: e-Shop Inc.has net sales on account of $1,200,000.The average net accounts receivable are $600,000.Calculate the days' sales in receivables.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

11ea84d1_1155_8512_83dc_67a5bb89815e_TB3006_00 *Accounts receivable turnover ratio = Net credit sales ÷ Average net accounts receivable
**Days' sales in receivables = 365 ÷ Accounts receivable turnover ratio

E-Shop Inc