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The following information pertains to Skeleton resorts: Credit sales. $450000 Net accounts receivable beginning. $63000 Net accounts receivable...

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Accounting

The following information pertains to Skeleton resorts:

Credit sales. $450000

Net accounts receivable beginning. $63000

Net accounts receivable ending. $54000

Allowance for Bad debts ending. $5000

Calculate Skeletons receivables turnover ratio, days inreceivables ratio and allowance ratio.

Answer & Explanation Solved by verified expert
4.3 Ratings (662 Votes)
1Accounts Receivable Turnover Ratio Net credit sales Average accounts receivable Net credit sales 450000 Average accounts receivable Accounts Receivable beginning Accounts Receivable ending 2 Accounts    See Answer
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