Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Provide correct answer general accounting

Johnson Corporation has a current accounts receivable balance of $180,000. Credit sales for the year just ended were $1,980,000. a. What is the company's receivables turnover? b. What is the company's days' sales in receivables? c. How long did it take on average for credit customers to pay off their accounts during the past year?
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Transcribed Image Text:Johnson Corporation has a current accounts receivable balance of $180,000. Credit sales for the year just ended were $1,980,000. a. What is the company's receivables turnover? b. What is the company's days' sales in receivables? c. How long did it take on average for credit customers to pay off their accounts during the past year?
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