P3-3 Calculating the Average Collection Period (LO2] Twist Corp. has a current accounts receivable balance...

50.1K

Verified Solution

Question

Accounting

image

P3-3 Calculating the Average Collection Period (LO2] Twist Corp. has a current accounts receivable balance of $347,615. Credit sales for the year just ended were $2,947,600. a. What is the receivables turnover? b. What is the days' sales in receivables

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students