Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reports the following: sales $560,640 av

A company reports the following: Sales $560,640 Average accounts receivable (net) 46,720 Determine (a) the...

60.1K

Verified Solution

Question

Accounting

A company reports the following: Sales $560,640 Average accounts receivable (net) 46,720 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 year. a. Accounts receivable turnover fill in the blank 1 b. Number of days' sales in receivables

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

Algebra
1.2K views

Solve the linear inequality. Express the solution using interval notation.(4/3) - (1/2)x ? (7/6) +x

Finance
1.2K views

(Related to Checkpoint 11.1 and Checkpoint? 11.4) ?(Calculating NPV,? PI, and? IRR) ?Fijisawa, Inc. is considering...

Medical Sciences
1.2K views

The American diet isn't as healthy as it could be. As it has become easier to...

Medical Sciences
1.2K views

Choose a developmental domain covered in Module 2 (motor, self-care, cognitive). Provide a rationale for why...

Physics
1.2K views

Two masses M and M are attached to the e of a string which passes...

Basic Math
1.2K views

A driver filled the gas tank and noted that the odometer read 57,491.9. After the...

Statistics
1.2K views

A continuous variable is a variable can assume O any value over one or more...

Algebra
1.2K views

The volume of a parallelepiped is six times the volume of the tetrahedron defined by...

Accounting
1.2K views

Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds...

Accounting
1.2K views

Trans Company debited prepaid insurance for $1,320 on July 1, 2017 for a one-year fire...

Accounting
1.2K views

Company A is an American subsidiary of a Japanese company. Does Company A have to...

Accounting
1.2K views

Question 4 Pharoah Ltd. purchased a delivery truck on May 1, 2018, at a cost...