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    Kacey29500's Avatar
    Kacey29500 Posts: 1, Reputation: 1
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    #1

    Aug 2, 2007, 10:35 AM
    Finding Net Credit Sales on the Financial Statements
    I am wondering where to find net credit sales on the financial statements of a company? I need to calculate A/R turnover ratio for Deluxe Corporation and the formula we are supposed to use is net credit sales/average accounts receivable. Is net credit sales on the balance sheet, income statement, footnotes??
    vrstudents2's Avatar
    vrstudents2 Posts: 1, Reputation: 1
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    #2

    Jun 6, 2010, 03:30 AM

    I am wondering where to find net credit sales on the financial statements of a company? I need to calculate A/R turnover ratio for Deluxe Corporation and the formula we are supposed to use is net credit sales/average accounts receivable. Is net credit sales on the balance sheet, income statement, footnotes??
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Jun 11, 2010, 12:23 AM

    Please always start a new post with your question rather than tagging onto someone else's, especially from an old thread. And since all you have done is literally quoted the other post, I'm not sure if you really want to ask the same question or if you're just "practicing" posting.

    A REAL company's statements aren't going to tell you what of their sales went on credit. When you cannot find something the EXACT way it is listed in one of those equations, you use the closest thing you've got - which is sales.
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