FORMULAS:
Receivables Turnover Ratio: Net Credit Sales/Average Accounts Receivable (Beginning Accounts Receivable + Ending Accounts Receivable / 2)

Average Collection Period: 365 / Receivable Turnover Ratio

Question

FORMULAS:
Receivables Turnover Ratio: Net Credit Sales/Average Accounts Receivable (Beginning Accounts Receivable + Ending Accounts Receivable / 2)

Average Collection Period: 365 / Receivable Turnover Ratio

anonymous · Answer

http://assets.openstudy.com/updates/attachments/4f7cccb4e4b09f22231bb598-amistre64-1333587576532-untitled.png

anonymous · Answer

I need the last 2 blanks

anonymous · Answer

@satellite73 HELP!!!!!!!!!

anonymous · Answer

i have no idea what receivable turnover ration is

do you?

anonymous · Answer

I have the formulas above but I have been getting the wrong answers.

anonymous · Answer

Receivables turnover ratio describes how liquid accounts receivables is (how quickly it turns into cash)

anonymous · Answer

ok my friend is gonna help me