Can someone tell me if this looks right and what the accounts receivable turnover ratio...

50.1K

Verified Solution

Question

Accounting

Can someone tell me if this looks right and what the accounts receivable turnover ratio is
image
Accounts Receivable Turnover Ratio 2014 2015 2016 2017 Gross Sales (after Trade Discounts) 416,713.51 407,642.05 538,691.19 634,827.92| Less: Allowance for Sales Returns (Gross Sales x 4%) 16,668.54 16,305.68 21,547.65 25,393.12 Net Sales 400,044.97 391,336.37 517,143.55 609,434.80 Gross Ending A/R Allowance (Gross A/Rx 1.5%) Net Ending A/R 110,909.87 108,495.47 143,374.69 168,961.84 1,663.65 1,627.43 2,150.62 2,534.43 109,246.22 106,868.04 141,224.07 166,427.41 Accounts Receivable Turnover Ratio N/A

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