Solution-Calculate the average accounts receivable

Calculate the average accounts receivable

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Reference no: EM131763238

Calculate 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
Inventories	54,374,200	62,625,800

Required:

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: EM131763238

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Calculate the average accounts receivable

Reference no: EM131763238

Reference no: EM131763238

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