-Calculate C Co's receivables turnover ratio and the days' sales in receivables for 20X2.
A) 11.43 times and 31.9 days
B) 11.02 times and 33.1 days
C) 11.15 times and 32.7 days
D) 3.47 times and 105.2 days

Name: -Calculate C Co's receivables turnover ratio and the days' sales in receivables for 20X2. A) 11.43 times and 31.9 days B) 11.02 times and 33.1 days C) 11.15 times and 32.7 days D) 3.47 times and 105.2 days
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Question

-Calculate C Co's receivables turnover ratio and the days' sales in receivables for 20X2.
A) 11.43 times and 31.9 days 
B) 11.02 times and 33.1 days 
C) 11.15 times and 32.7 days 
D) 3.47 times and 105.2 days

Quizplus · Accepted Answer

Calculation: $19,805 ÷ [($1,798 + $1,666)/2] = 11.43; 365 ÷ 11.43 = 31.9.

-Calculate C Co's Receivables Turnover Ratio and the Days' Sales