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Title: accounts receivable turnover and days sales in receivable
Description: answer key
Description: answer key
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Answer
A
...
8
20Y9
Accounts Receivable Turnover= 13
...
20Y8
DSO = 30
...
2 days
C
...
20Y8 :
Accounts Receivable Turnover = net sales/ average account receivable
=$6,726,000/((540,000+600,000)/2)
= $6,726,000/570,000
Accounts Receivable Turnover= 11
...
4
B
...
9 days
20Y9
DSO = (((600,000+580,000)/2)/7,906,000)*365)
= 27
...
The charges are Favorable
Title: accounts receivable turnover and days sales in receivable
Description: answer key
Description: answer key