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How to calculate the company accounts receivable turnover

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Reference no: EM132719774

The financial statements of winery Andrew Peller Limited reported net sales of $342,606 thousand for its year ended March 31, 2017. Accounts receivable were $26,973 thousand at March 31, 2017, and $28,223 thousand at March 31, 2016.

Problem 1: Calculate the company's accounts receivable turnover ratio and the average collection period for accounts receivable in days. (Round answers to 2 decimal places, e.g. 15.25. Use 365 days for calculation.)

Reference no: EM132719774

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