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The accounts receivable turnover for the year is 9.5. net sales for the period are $100,000. what is number of days' sales are in receivable?

The accounts receivable turnover for the year is 9.5. net sales for the period are $100,000. what is number of days' sales are in receivable?
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The accounts receivable turnover for the year is 9.5. net sales for the period are $100,000. what is number of days' sales are in receivable?

asked
User Anthony Faull
by
8.8k points

1 Answer

4 votes

38.42 days

Days in the year/turnover rate

365/9.5

answered
User C R Johnson
by
7.7k points
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