The following information pertains to Skeleton resorts:
Credit sales. $450000
Net accounts receivable beginning. $63000
Net accounts receivable...
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Accounting
The following information pertains to Skeleton resorts:
Credit sales. $450000
Net accounts receivable beginning. $63000
Net accounts receivable ending. $54000
Allowance for Bad debts ending. $5000
Calculate Skeletons receivables turnover ratio, days inreceivables ratio and allowance ratio.
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1Accounts Receivable Turnover Ratio Net credit sales Average accounts receivable Net credit sales 450000 Average accounts receivable Accounts Receivable beginning Accounts Receivable ending 2 Accounts
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