3 years ago

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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