# A recent annual report for NPS contained the following data:(dollars in thousands)Previous YearCurrent Year\$3,617,000183,000\$ 4,517,000150,000Accounts receivableLess: Allowance for doubtful accounts\$ 4,367,000\$3,434,000Net accounts receivable\$ 35,797,000Net 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 notround intermediate calculations. Enter yoanswers in thousands not in dollars.)Receivables Turnover RatioNumerator0 timesDenominatorAverage Days Sales in ReceivablesNumerator0 daysDenominatorII

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Here, receivable turnover ratio is calculated by dividing net credit sales with the average account receivable. Average account receivable is calculated by ...

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