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igomit [66]
3 years ago
12

Compute the receivables turnover ratio using the following information:

Business
1 answer:
REY [17]3 years ago
8 0

Answer:

Receivables Turnover Ratio is 4

Explanation:

Computation of Average Receivables

Opening Receivables           $ 40,000

Ending receivables               <u>$ 60,000</u>

                                               $ 100,000

Average receivables            $   50,000

Net Credit Sales                    $ 200,000

The Receivables Turnover ratio is calculated by dividing the Net Credit Sales by the Average Receivables.

Receivables Turnover Ratio = Net Credit Sales / Average Receivables

$ 200,000/ $ 50,000   = 4

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3 years ago
Company collected the following data regarding production of one of its products. Compute the total direct materials cost varian
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