Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. twist corp. has a current accounts receivable bala

Twist Corp. has a current accounts receivable balance of $417,615. Credit sales for the year just...

70.2K

Verified Solution

Question

Finance

Twist Corp. has a current accounts receivable balance of$417,615. Credit sales for the year just ended were$2,948,600.
a.What is the receivables turnover?
b.What is the days' sales in receivables?

Answer & Explanation Solved by verified expert
3.6 Ratings (276 Votes)
    See Answer
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

Finance
1.2K views

1. A issued an unsecured bond with a 10% coupon rate paid semiannually. The bond matures...

Chemistry
1.2K views

IR and Ramen spectra of crystalline barium rhodizonate have been reported. from an inspection of the data....

Psychology
1.2K views

How is it that the experimental method allows researchers to draw cause and effect conclusions? Identify the...

Physics
1.2K views

answer all or do not answer SHOW ALL WORK FOR COMPUTATIONAL PROBLEMS OR NO CREDIT (write out...

Biology
1.2K views

Which of the following should be done before returning your microscope to the cabinet Select...

Physics
1.2K views

ve 202 rotating about their centre of mass under their mutual gravitational attraction Let us...

Accounting
1.2K views

When using the direct method, how is depreciation expense recorded on the statement of cash...

Accounting
1.2K views

Exercise 7-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for...

Accounting
1.2K views

Lannion and Co. is engaged in providing and marketing a standard advice service. Summarised results...

Accounting
1.2K views

please help 10!!! Balloons By Sunset (BES) is considering the purchase of two...

Finance
1.2K views

Compute the discounted payback statistic for Project C if the appropriate cost of capital is...

Accounting
1.2K views

On June 10, 20X8, Private Corporation acquired 70 percent of Secret Companys common stock. The...