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  3. at the beginning of 2011, stacy's floor covering h

at the beginning of 2011, stacy's floor covering had the follwoing account balances, accounts rec....

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Accounting

at the beginning of 2011, stacy's floor covering had the follwoing account balances, accounts rec. 360,000 and allowance for uncollectible accounts (7,700). During the year net credit sales were 800,000, and 11,000 of specific customer accounts were written off. cash collections amounted to 1,015,000. At year end, stacy's estimated that 1% of net credit sales were uncollectible. The net realizable value of account rec. at year end were 129,300.

Calculate the accounts of accounts rec. turnover ratio for 2011, on average how many days does it take stcy's to collect it's accounts rec?

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