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10 January, 11:39

Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what is the company's receivables turnover?

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  1. 10 January, 11:46
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    The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

    Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

    Receivables turnover = sales / receivable

    = 4,515,830 / 336,500

    = 13.42

    Days’ sales in receivables = 365 days / receivable turnover

    = 365 / 13.42

    = 27.20

    The average collection period is 27.20 days.
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