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Ordonez Lumber Yard has a current accounts receivable balance of $448016 Credit sales for the year just ended were $9153500 What is the receivables turnover Do not round intermediate

Ordonez Lumber Yard has a current accounts receivable balance of $448,016. Credit sales for the year just ended were $9,153,500.

What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Receivables turnover             times

What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Days’ sales in receivables             days

How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 

May 02 2020 View more View Less

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