Pujols lumber yard has a current accounts receivable


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

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Pujols lumber yard has a current accounts receivable
Reference No:- TGS01262855

Expected delivery within 24 Hours