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natta225 [31]
3 years ago
6

Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what

is the company's receivables turnover?
Business
1 answer:
Alika [10]3 years ago
6 0

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

 

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

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