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Define the accounts receivable turnover

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Reference no: EM131535905

Question: 1. What is the difference between the percents shown on a comparative income statement and those shown on a common-size comparative income statement?

2. On Dec. 31, 2011, Paff Company had accounts receivable of $290,000 and inventories of $530,000. During 2011, net sales amounted to $2,500,000 and cost of goods sold was $750,000. Compute

(a) accounts receivable turnover,

(b) days' sales uncollected,

(c) inventory turnover, and

(d ) days' sales in inventory

Reference no: EM131535905

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