2025 ( in millions)   account receivable (gross)- 3,800   accounts receivable (net) 3,450   allowance for doubtful accounts 350   sales revenue 36,660   Total current assets 7,178   what is the accounts receivable turnover and average collection period in days?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is