What is the receivables turnover and sales in receivables

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Reference no: EM13953589

Pujols Lumber Yard has a current accounts receivable balance of $441,516. Credit sales for the year just ended were $7,058,320. Requirement 1: What is the receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Receivables turnover times Requirement 2: What is the days’ sales in receivables? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Days’ sales in receivables days Requirement 3: How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Average collection period days

Reference no: EM13953589

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What is the receivables turnover and sales in receivables : Pujols Lumber Yard has a current accounts receivable balance of $441,516. Credit sales for the year just ended were $7,058,320. What is the receivables turnover? What is the days’ sales in receivables? How long did it take on average for credit cust..

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