3. Answer questions A B and C 7120 XO Question 3- HW3 - ConnectChannel content - YouTube StudAssignmentsheducation.com/ext/map/indexntm2.con3con&external_browser%3D0&launchUrl=https%253A%252F%252FlmsSavedTrout Lumber Yard has a current accounts receivable balance of $440,016. Credit salesfor the year just ended were $5,153,850.a. What is the receivables turnover? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)b. What is the days' sales in receivables? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)c. How long did it take on average for credit customers to pay off their accounts duringthe past year? (Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)a.Receivables turnovertimesb. Days' sales in receivablesdaysAverage collection perioddaysC.< Prev3 of 8Next >search67°

a. Receivables turnover = Credit sales / Receivables = $5,153,850 / $440,016 = 11.71 times b.…

Answered: 3. Answer questions A B and C

Business

Accounting

3. Answer questions A B and C

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.11C

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