Calculate the account receivable turnover in days

Reference no: EM131124012

Knowlton company had net sales of 3,906,000. Knowlton had the following balance: January 1 December 31Accounts receivable 419,000 398,100inventories 128,000 132,070Required:round answer to one decimal place.

1-calculate the average accounts receivable.

2-calculate the account receivable turnover ratio.

3-calculate the account receivable turnover in days.

Reference no: EM131124012

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