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A company reports the following: Sales $3,150,000 Average accounts receivable (net) 210,000 Determine (a) the accounts receivable turnover

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A company reports the following:

Sales $3,150,000

Average accounts receivable (net) 210,000

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

 
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