A company reports the following: $$\begin{array} { l r }
\text { Sales } & \$ 720,000 \
\text { Average accounts receivable (net) } & 45,000
\end{array}$$
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one
decimal place.

Question

A company reports the following: $$\begin{array} { l r } 
\text { Sales } & \$ 720,000 \
\text { Average accounts receivable (net) } & 45,000
\end{array}$$ ​
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one
decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following: $$\begin{array} { l r } 
\text { Sales } & \$ 720,000 \
\text { Average accounts receivable (net) } & 45,000
\end{array}$$ ​
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one
decimal place.

A Company Reports the Following Sales $720,000 Average accounts receivable (net) 45,000\begin{array} { l r } \text { Sales } & \$ 720,000 \\\text { Average accounts receivable (net) } & 45,000\end{array} Sales Average accounts receivable (net) ​$720,00045,000​

A Company Reports the Following $\begin{array} { l r } \text { Sales } & \$ 720,000 \\\text { Average accounts receivable (net) } & 45,000\end{array}$