A recent annual report for Kirova Company contained the following data: Required:
A.Calculate the accounts receivable turnover ratio.
B.Calculate the average days' sales in receivables for 2016 (rounded to the nearest day).
C.Explain the meaning of each number.

Question

A recent annual report for Kirova Company contained the following data:  Required: 
A.Calculate the accounts receivable turnover ratio.
B.Calculate the average days' sales in receivables for 2016 (rounded to the nearest day).
C.Explain the meaning of each number.

Quizplus · Accepted Answer

The Answer of A recent annual report for Kirova Company contained the following data:  Required: 
A.Calculate the accounts receivable turnover ratio.
B.Calculate the average days' sales in receivables for 2016 (rounded to the nearest day).
C.Explain the meaning of each number.

A Recent Annual Report for Kirova Company Contained the Following