Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover in Days Whalen Company had net sales of $6,500,300. Whalen had the following balances:
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable turnover in days.
Net Sales $1,500,000 $1,800,000Cost of Goods Sold 900,000 1,260,000Gross Profit 600,000 540,000Marketing 150,000 200,000General & Administrative 150,000 200,000Depreciati...Dec 04 2019
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