Homework Answers
Accounts receivable (days) ratio = (Accounts receivable / net sales ) * 365
= (266700 / 2360108) * 365
=0.1130 * 365
= 41.2
so, the correct answer is option B
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North Star Company presents the following data for 2019. Receivables, less allowance for losses of $12.196...
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A recent annual report for NPS contained the following data: (dollars in thousands) Current Year Previous...
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(dollars in thousands)
Current Year
Previous Year
Accounts receivable
$
3,727,000
$
4,527,000
Less: Allowance for doubtful accounts
185,000
148,000
Net accounts receivable
$
3,542,000
$
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$
35,397,000
Required:
1. Determine the receivables turnover ratio and
average days sales in receivables for the current year.
(Use 365 days a year. Do not round intermediate
calculations. Enter your answers in thousands not in
dollars.)...
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A recent annual report for NPS contained the following data:
(dollars in thousands)
Current Year
Previous Year
Accounts receivable
$
3,727,000
$
4,527,000
Less: Allowance for doubtful accounts
185,000
148,000
Net accounts receivable
$
3,542,000
$
4,379,000
Net sales (assume all on credit)
$
35,397,000
Required:
1. Determine the receivables turnover ratio and
average days sales in receivables for the current year.
(Use 365 days a year. Do not round intermediate
calculations. Enter your answers in thousands not in
dollars.)...
please help me out, thank you
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