Question

Net sales for a company are $250,000. average accounts receivable are $10,000. the accounts receivable turnover for this company is:_________ .

Answer 1

This company has a 25 accounts receivable turnover rate.

How Do Net Sales Work?

The total of a company's net sales is its gross sales less any returns, allowances, and discounts. . They can frequently be taken into account when calculating top line revenues that are shown on the income statement.

The financial report that is generally used when examining a company's revenues, revenue growth, and operational costs is the income statement.

The three sections of the income statement allow for the analysis of direct expenses, indirect costs, and capital costs. Net sales are shown in the direct costs section of the income statement.

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