Maurice Tutor

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Category > Management Posted 15 Feb 2018 My Price 6.00

Ordonez Lumber

Ordonez Lumber Yard has a current accounts receivable balance of $448,016. Credit sales for the year just ended were $9,153,500.

What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Receivables turnover             times

What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Days’ sales in receivables             days

How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 
 

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Maurice Tutor
(5)
Status NEW Posted 15 Feb 2018 06:02 PM My Price 6.00

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