The accounts receivable turnover ratio of a company is 2; if its annual credit sales is $ 719550, what is the average value of outstanding credit (or value of accounts receivable)? If the company...


The accounts receivable turnover ratio of a company is 2; if its annual credit sales is $ 719550, what is the average value of<br>outstanding credit (or value of accounts receivable)? If the company operates 355 a year, what is the average number of days it takes<br>to get a credit sale paid?<br>Average outstanding credit = $|<br>(Round to TWO places of decimal)<br>Average number of days to get payment on a credit sale =|<br>(Round to the nearest integer)<br>

Extracted text: The accounts receivable turnover ratio of a company is 2; if its annual credit sales is $ 719550, what is the average value of outstanding credit (or value of accounts receivable)? If the company operates 355 a year, what is the average number of days it takes to get a credit sale paid? Average outstanding credit = $| (Round to TWO places of decimal) Average number of days to get payment on a credit sale =| (Round to the nearest integer)

Jun 09, 2022
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