A recent annual report for NPS contained the following data: (dollars in thousands) Previous Year Current Year $ 4,517,000 150,000 $4,367,000 $3,617,000 183,000 Accounts receivable Less: Allowance for doubtful accounts $3,434,000 Net accounts receivable $ 35,797,000 Net sales (assume all on credit) Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator 0 times Denominator Average Days Sales in Receivables Numerator O days Denominator

Question
A recent annual report for NPS contained the following data:
(dollars in thousands)
Previous Year
Current Year
$ 4,517,000
150,000
$4,367,000
$3,617,000
183,000
Accounts receivable
Less: Allowance for doubtful accounts
$3,434,000
Net accounts receivable
$ 35,797,000
Net sales (assume all on credit)
Required:
1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not
round intermediate calculations. Enter your answers in thousands not in dollars.)
Receivables Turnover Ratio
Numerator
0 times
Denominator
Average Days Sales in Receivables
Numerator
O days
Denominator

Image Transcription

A recent annual report for NPS contained the following data: (dollars in thousands) Previous Year Current Year $ 4,517,000 150,000 $4,367,000 $3,617,000 183,000 Accounts receivable Less: Allowance for doubtful accounts $3,434,000 Net accounts receivable $ 35,797,000 Net sales (assume all on credit) Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.) Receivables Turnover Ratio Numerator 0 times Denominator Average Days Sales in Receivables Numerator O days Denominator

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