Based on the following data and using a 365-day year,compute
(a)the accounts receivable turnover and
(b)days' sales in receivables for Year 2.Round to two decimal places.The industry average turnover is 20 times during the year,and the days' sales in receivables averages 25.
(c)Comment on this situation.

Question

Based on the following data and using a 365-day year,compute 
(a)the accounts receivable turnover and 
(b)days' sales in receivables for Year 2.Round to two decimal places.The industry average turnover is 20 times during the year,and the days' sales in receivables averages 25.
(c)Comment on this situation.

Quizplus · Accepted Answer

The Answer of Based on the following data and using a 365-day year,compute 
(a)the accounts receivable turnover and 
(b)days' sales in receivables for Year 2.Round to two decimal places.The industry average turnover is 20 times during the year,and the days' sales in receivables averages 25.
(c)Comment on this situation.

Based on the Following Data and Using a 365-Day Year,compute