A Company Reports the Following $\begin{array}{lr}\text { Sales } & \$ 1,200,000 \\\text { Average accounts receivable (net) } & 50,000\end{array}$

question 77

Essay

A company reports the following: $\begin{array}{lr}\text { Sales } & \$ 1,200,000 \\\text { Average accounts receivable (net) } & 50,000\end{array}$ ​
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.

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Format Specifier

A sequence of characters in a string that indicates how to format a value when printing or reading input/output.

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Text or content that is aligned to the left margin of a page or container, leaving the right margin uneven.

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