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lolamegananne
21.03.2020 •
Business
Piper, Inc. reported sales of $ 348000.00; beginning net Accounts Receivable of $ 89000.00 and ending net Accounts Receivable of $ 109000.00. What is Piper Inc.'s Accounts Receivable turnover?
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Ответ:
3.52 times
Explanation:
Given that,
Sales = $348,000
Beginning net Accounts Receivable = $89,000
Ending net Accounts Receivable = $109,000
Average accounts receivable:
= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2
= ($89,000 + $109,000) ÷ 2
= $198,000 ÷ 2
= $99,000
Accounts Receivable turnover:
= Sales ÷ Average accounts receivable
= $348,000 ÷ $99,000
= 3.52 times
Ответ: