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Business, 08.03.2021 20:00 cookie1701

Senath Company's annual report reveals net credit sales of $266,000 and average accounts receivable of $46,000. The report also shows an average inventory balance of $16,500 and cost of goods of $265,000. Based on this information (treat any partial day as a whole day) : a. the average number of days to collect receivables is 6.
b. the average number of days to collect receivables is 64.
c. the accounts receivable turnover is 16.
d. the accounts receivable turnover is 15.

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Senath Company's annual report reveals net credit sales of $266,000 and average accounts receivable...

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