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Compute Teal accounts receivable turnover

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Reference no: EM132988427

Question - Presented below is information for Teal Company. Beginning-of-the-year Accounts Receivable balance was $22,900. Net sales (all on account) for the year were $103,500. Teal does not offer cash discounts. Collections on accounts receivable during the year were $83,800.

Required - Compute Teal's accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts.

Reference no: EM132988427

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