What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer choices 60 days 45 days 30 days 22 days

Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $27.59 October 16 Credit $20.00 October 25 Purchase $124.60 average daily balance = $

eBook   Show Me How Print Item Accounts Receivable Analysis A company reports the following: Sales $531,440 Average accounts receivable (net) 20,440 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 fill in the blank 1 b.  Number of days' sales in receivables fill in the blank 2 days

Based on the following data for the current year, what is the days' sales in receivables? Assume 365 days a year. Line Item Description Amount Sales on account during year $444,688 Cost of goods sold during year 188,576 Accounts receivable, beginning of year 45,189 Accounts receivable, end of year 51,774 Inventory, beginning of year 80,151 Inventory, end of year 112,830 Round your answer up to the nearest whole day.

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The following information is available for Newport Company and Jasper Incorporated at December 31: Jasper Incorporated $ 111,000 Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Newport Company $ 86,000 22,800 632,000 Accounts receivable turnover Average collection period 24,800 885,000 Required: a. What is the accounts receivable turnover for each of the companies? Note: Round your answers to 1 decimal place. b. What is the average days to collect the receivables? Note: Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number. Newport Company Jasper Incorporated times times days days

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A company reports the following: Sales $890,600 Average accounts receivable (net) 44,530 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 20 b. Number of days' sales in receivables 18 X days

Red Sun Company has a current accounts receivable balance of $350,000. Credit sales for the year just ended were $2,380,000. �The average collection period is ____.   Question 8 options:   91.3   53.7   75.1   42.9   85.9