Sleiger Company has a net accounts receivable opening balance of $216,000 and and ending balance...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Sleiger Company has a net accounts receivable opening balance of $216,000 and and ending balance of $216,000. The total sales amount for the year is $789,000, of which 80% is on credit.
Calculate the days sales outstanding and the accounts receivable turnover.
Do not enter dollar signs or commas in the input boxes. Round days sales outstanding to the nearest whole number. Days Sales Outstanding = Answer days Round accounts receivable turnover to 2 decimal places. Accounts Receivable Turnover = Answer times
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.