Solution-Determine the receivables turnover ratio and

Determine the receivables turnover ratio and average days

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Reference no: EM132721694

Problem - A recent annual report for NPS contained the following data:

	(dollars in thousands )
	Current Year	Previous Year
Accounts receivable	$3,627,000	$4,647,000
Less: Allowance for doubtful accounts	191,000	152,000
Net accounts receivable	$3,436,000	$4,495,000
Net sales (assume all on credit)	$36,397,000

Required - Determine the receivables turnover ratio and average days sales in receivables for the current year.

Reference no: EM132721694

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Determine the receivables turnover ratio and average days

Reference no: EM132721694

Reference no: EM132721694

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