company has annual sales of $120,000, average accounts payable of $35,000, and average accounts receivable of $35,000. The company's ceivables turnover and days of sales outstanding are closest to: 3.4 receivables turnover: 106 days of sales outstanding 40 receivables turnover: 91 days of sales outstanding 34 receivables turnover, 100 days of sales outstanding

company has annual sales of $120,000, average accounts payable of $35,000, and average accounts receivable of $35,000. The company's ceivables turnover and days of sales outstanding are closest to: 3.4 receivables turnover: 106 days of sales outstanding 40 receivables turnover: 91 days of sales outstanding 34 receivables turnover, 100 days of sales outstanding

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
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