Accounts Receivable Turnover is 13.1 and the number of days in sales receivables is 27.8 days which is approx 28 days.
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What is an Accounts Receivable Turnover?</h3>
Accounts Receivable Turnover is a turnover of several times per year a business collects its average accounts receivable.
Given
Sales=$1,243,190 (we assume whole sales on credit bases)
Average Accounts Receivable=$94,900
No of Days in a Year= 365(days)
Required to calculate:
Accounts Receivable Turnover=?
Number of days sales in receiables=?
Calculation of Accounts Receivable Turnover = Sales is divided by the average accounts receivable.
=$1,243,190/94900
=13.1 times
Calculation of Number of Days sales in Receivable= Number of Days in Year/ Accounts Receivable Turnover
=365/13.1 =28 Days(Approx)
Thus, the Accounts Receivable and a number of days sales in receivables are 13.1 times and 28 days respectively.
Learn more about Accounts Receivable Turnover here:
brainly.com/question/16447941
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