Exercise C A company has sales of $3,680,000 per year. Its average net accounts receivable...

70.2K

Verified Solution

Question

Accounting

Exercise C A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000.

What is the average number of days accounts receivable are outstanding? Calculate its accounts receivable turnover and average days in accounts receivable.

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