Accounts Receivable Analysis A company reports the following: Sales $854,100 Average accounts receivable (net) 65,700 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
Accounts Receivable Analysis A company reports the following: Sales $854,100 Average accounts receivable (net) 65,700 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter9: Controlling Information Systems: Business Process And Application Controls
Section: Chapter Questions
Problem 3SP: Figure 9.10 lists 10 control plans from this chapter and three control goals for the information...
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