Dahlia Corporation has a current accounts receivable balance of $446,516. Credit sales for the year just ended were $7,535,050.
a. What is the receivables turnover?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the days' sales in receivables?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. How long did it take, on average, for credit customers to pay off their accounts during the past year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
a. Receivables turnover
times
b. Days' sales in receivables
days
c. Average collection period
days