Wechsler Company has net accounts receivable opening balance of $223,000 and ending balance of $306,000....
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Accounting
Wechsler Company has net accounts receivable opening balance of $223,000 and ending balance of $306,000. The total sales amount for the year is $1,870,000, of which 85% are on credit. Normal credit terms are 30 days. Calculate the day sales outstanding ratio and the accounts receivable turnover.
Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. Day sales outstanding: Answer days Accounts Receivable Turnover: Answer times
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