Calculate the accounts receivable conversion period

Assignment Help Accounting Basics

Reference no: EM133922881

Problem

Calculate the accounts receivable conversion period for an organization with the following information on their balance sheet and income statement: From the balance sheet: 12/31/18 Accounts Receivable = $3,850,000 12/31/17 Accounts Receivable = $4,100,000 From the income statement: 12/31/18 net sales = $65,800,000 (Note - we'll assume ALL sales are credit sales) 12/31/17 net sales = $57,400,000. Get the instant assignment help. Calculate the accounts receivable conversion period for 2018.

Reference no: EM133922881

Questions Cloud

Asthmatic child with diagnosis of pneumonia : Develop a teaching plan for the parents of an 8-year-old asthmatic child with a diagnosis of pneumonia r/t Influenza Type A.

Calculate the inventory conversion period : Calculate the inventory conversion period for an organization with the information on their balance sheet. Calculate the inventory conversion period for 2018.

Explain the effect of increased democratization : Explain the effect of increased democratization and nationalism on the American identity from the War of 1812 through 1850.

Explain how these things helped shape the fields : Explain how these things helped shape the fields of public health, health ed./prom, and/or medicine (both then and now) and our current understanding of health

Calculate the accounts receivable conversion period : Calculate the accounts receivable conversion period for an organization. Calculate the accounts receivable conversion period for 2018.

Patient moved through healthcare delivery system : How the patient moved through the healthcare delivery system. What are ways the patient can pay for the cost of treatment.

Discuss the different nursing residencies program : Discuss The Different Nursing Residencies Program. Define the Nursing Residencies program within the scope of nursing

Which abraham lincolns perspective changed during civil war : Identify and explain a significant way in which Abraham Lincoln's perspective changed during the civil war.

Reflecting on this experience and your diet : Reflecting on this experience and your diet. Was this 1 day about average for you? What surprised you? What did you already know you might need to work on?

User Account

All Pages