ACC220 W3Assignment.docx ACC220 Week 3 Problem ACC220 “ Week 3 1. Accou

Document Content and Description Below

ACC220 W3Assignment.docx ACC220 Week 3 Problem ACC220 “ Week 3 1. Accounts Receivable Turnover Year 2 Year 1 Sales 39528000 40339000 Accounts recei... vable at end of year 1162000 1280000 Accounts receivable turnover: $39,598,000 divided by 1,162,000 34.01 $40,339,000 divided by 1,280,000 31.51 2 Days™ Sales in Receivables (365 days) Average daily sales: $39,598,000 divided by 365 $108.487.67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

Last updated: 1 year ago

Preview 1 out of 2 pages