A company reports the following: $\begin{array}{lr}
\text { Sales } & \$ 1,200,000 \
\text { Average accounts receivable (net) } & 50,000
\end{array}$
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.

Question

A company reports the following: $\begin{array}{lr}
\text { Sales } & \$ 1,200,000 \
\text { Average accounts receivable (net) } & 50,000
\end{array}$ ​
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following: $\begin{array}{lr}
\text { Sales } & \$ 1,200,000 \
\text { Average accounts receivable (net) } & 50,000
\end{array}$ ​
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.

A Company Reports the Following Sales $1,200,000 Average accounts receivable (net) 50,000\begin{array}{lr}\text { Sales } & \$ 1,200,000 \\\text { Average accounts receivable (net) } & 50,000\end{array} Sales Average accounts receivable (net) ​$1,200,00050,000​

A Company Reports the Following $\begin{array}{lr}\text { Sales } & \$ 1,200,000 \\\text { Average accounts receivable (net) } & 50,000\end{array}$