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Compute sage hill average collection period for accounts

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Reference no: EM132753156

Recent financial statements of Sage Hill Ship Builders, Inc. report net sales of $676,200,000. Accounts receivable are $62,500,000 at the beginning of the year and $87,900,000 at the end of the year. (Round answers to 2 decimal places, e.g. 50.27. Use 365 days for calculation.)

Problem 1: Compute Sage Hill's accounts receivable turnover.

Problem 2: Compute Sage Hill's average collection period for accounts receivable in days.

Reference no: EM132753156

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