Help with math questions

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Skips repair shop has an average account receivable of $9,108. Sales for the year were $16,325. What is the shops account receivable turnover? Using this answer, compute the average collection period? (Assume a 365-day year)

May 20th, 2015

average account receivable=9108

account turnover=16325-9108=7217$

per day account receivable=9108/365=25

average collection period=7217/365=20 per day




May 20th, 2015
Average accounts receivable/
Annual sales รท 365 days
=9108/16325/365
average collection period=203.6 days


May 20th, 2015

sorry 1st ans was wrong this is the right ans...............

May 20th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 20th, 2015
...
May 20th, 2015
Jun 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer