ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%-false. eBook Show Me How Calculator E Print Item 2ΟΥ3 20Y2 2ΟΥ 1 Accounts receivable, end of year $149,600 $157,000 $164,200 Sales on account 1,057,770 1,011,780 a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Υ3 20Y2 1. Accounts receivable turnover 6.9 6.3 2. Number of days' sales in X days days receivables b. The collection of accounts receivable has Imnproved This can be seen in both the increase y in accounts receivable turnover and the decrease V in the collection period. Feedback YCheck My Work a.1. Divide net sales by average accounts receivable. Average Accounts receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) 2. a.2. Divide average accounts receivable by average daily sales on account. Average Accounts receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) 2. Average daily sales on account Net Sales 365 days. Previous Next Check My Work 1 more Check My Work uses remaining.

ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%-false. eBook Show Me How Calculator E Print Item 2ΟΥ3 20Y2 2ΟΥ 1 Accounts receivable, end of year $149,600 $157,000 $164,200 Sales on account 1,057,770 1,011,780 a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Υ3 20Y2 1. Accounts receivable turnover 6.9 6.3 2. Number of days' sales in X days days receivables b. The collection of accounts receivable has Imnproved This can be seen in both the increase y in accounts receivable turnover and the decrease V in the collection period. Feedback YCheck My Work a.1. Divide net sales by average accounts receivable. Average Accounts receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) 2. a.2. Divide average accounts receivable by average daily sales on account. Average Accounts receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) 2. Average daily sales on account Net Sales 365 days. Previous Next Check My Work 1 more Check My Work uses remaining.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 3.4C

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