Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reports the following: sales $1,154,130

A company reports the following: Sales $1,154,130 Average accounts receivable (net) 67,890 Determine (a) the...

90.2K

Verified Solution

Question

Accounting

A company reports the following: Sales $1,154,130 Average accounts receivable (net) 67,890 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day yea

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Double checking if the answer is E Which of the following has the particles ordered correctly...

Biology
1.2K views

Adaptive Radiations are often preceded by large scale extinction events, such as the KT event.TrueFalse

Biology
1.2K views

Macmillan Learning You live in a culture that is open to various viewpoints and requires...

Physics
1.2K views

There particles are located at coordinates x y as follow m1 1 0 kg is...

Basic Math
1.2K views

0 10 pts 3299 Details Evaluate using your calculator giving at least 3 decimal places...

Calculus
1.2K views

Use the Chain Rule to find the derivative y cos e46 Express numbers in exact...

Algebra
1.2K views

1 Evaluating Functions Evaluate cach function 1 x 23 Find w 1 33 0 Find...

Accounting
1.2K views

"On October 1, 2012, ABC Company collected $10,000 for consulting services to be performed from...

Accounting
1.2K views

Case Study 4-27, Managerial Accounting for Managers 3rd Edition After seeing the new predetermined overhead...

Accounting
1.2K views

During 2018, Hardy Merchandising Company purchased $23,000 of inventory on account. Hardy sold Inventory on...

Accounting
1.2K views

Flatulence Inc. is computing its inventory at December 31,2023. The following information relates to the...

Accounting
1.2K views

Question 1 (a) What are the objectives of a financial statement audit? 6 Marks (3...