What will be the accounts receivables turnover ratio, Accounting Basics

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What will be the accounts receivables turnover ratio

If accounts receivables turnover ratio for the year 2012 was 5 times,

Part A) what will be the average collection period?

Part B) Assuming the same turnover ratio, what will be the value of opening accounts receivables if value of credit sales for the year 2012 was $ 175000 and closing accounts receivables was $ 40000? (Assume 365 days in a year)?

Part C) assuming the figure of opening A/R in part B, what will be the accounts receivables turnover ratio if the value of credit sales for the year 2012 was $ 115000?

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Q : What will be the accounts receivables turnover ratio

Part A) what will be the average collection period? Part B) Assuming the same turnover ratio, what will be the value of opening accounts receivables if value of credit sales for the year 2012 was $ 175000 and closing accounts receivables was $ 400

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Accounting Basics: What will be the accounts receivables turnover ratio

Reference No:- TGS0719935

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Recent Questions Asked Accounting Basics

Q : Find the flares maximum height

Q : Moment generating function

Q : Estimate the screw torque erquired to raise the load

Q : Determine the two resistances

Q : What will be the accounts receivables turnover ratio

Q : Calculate maximum velocity of mass during the vibration

Q : Z value of a light bulb having a life

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will be the accounts receivables turnover ratio

Reference No:- TGS0719935

Recent Questions Asked Accounting Basics

Q : Find the flares maximum height

Q : Moment generating function

Q : Estimate the screw torque erquired to raise the load

Q : Determine the two resistances

Q : What will be the accounts receivables turnover ratio

Q : Calculate maximum velocity of mass during the vibration

Q : Z value of a light bulb having a life

Q : Ratios of stagnation pressure and stagnation temperature

Q : Identify the sample points

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