Solution-Calculate the accounts receivable turnover in days

Calculate the accounts receivable turnover in days

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Question - Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days - Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances:

	January 1	December 31
Accounts receivable	$142,650,000	$172,350,000
Inventory	54,374,200	62,625,800

Note: Round answers to one decimal place. Assume 365 days per year.

1. Calculate the average accounts receivable.

2. Calculate the accounts receivable turnover ratio.

3. Calculate the accounts receivable turnover in days.

Reference no: EM133187281

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Calculate the accounts receivable turnover in days : Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Calculate the accounts receivable turnover in days

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Calculate the accounts receivable turnover in days

Reference no: EM133187281

Reference no: EM133187281

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