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    lala1973's Avatar
    lala1973 Posts: 1, Reputation: 1
    New Member

    Mar 23, 2004, 09:52 PM
    Accounts Receivable Turnovers, Number of days' sales
    Based on the following data and using a 365-day year, compute the accounts receivable turn over and number of days' sales in receivables. The industry average is a collection period of once every 20 days, and the number of days' sales in receivables averages 19. Comment on this situation.

    12/31/99 Accounts Receivable, Net $90,000
    12/31/00 Accounts Receivable, Net $70,000
    For the year ended 12/31/99, net credit sales $1,250,000
    For the year ended 12/31/00, net credit sales
    CliffARobinson's Avatar
    CliffARobinson Posts: 1,416, Reputation: 101
    Ultra Member

    Mar 11, 2012, 05:43 PM
    We do not do homework or study questions, however, we do point students in the right direction, and help when and if they run into road blocks. I have found a great primer on calculating Days' Sales. This site, Accounting Coach, also has a template to use in order to more easily calculate.

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