Geisel, Inc. reported net sales revenue of $514,000 in 2018 and $618.000 in 2019. The...
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Geisel, Inc. reported net sales revenue of $514,000 in 2018 and $618.000 in 2019. The company's average net receivables were $124.000 during 2017 and $128.000 during 2018. At December 31, 2019, the company had Accounts Receivable of $149.000 and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,300. The company reported Bad Debt Expense of $6,010 during 2018. Required: a. Determine the net receivables at December 31, 2019. b. Calculate the receivables turnover ratio for 2018 and 2019. c. Calculate the days to collect for 2018 and 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the net receivables at December 31, 2019. Net receivables S 141.600 Required A Required B > Required A Required B Required c Calculate the receivables turnover ratio for 2018 and 2019. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 2019 2018 times Accounts Receivable Turnover Ration times Required A Required B Required Calculate the days to collect for 2018 and 2019. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 2018 2019 Days to Collect days days
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