A Company Reports the Following $$\begin{array} { l l } \$775,000 & \text { Nat sales } \\\$50,000 & \text { Average accounts receivable (net ) }\end{array}$$

question 58

Essay

A company reports the following:
$$\begin{array} { l l } \$775,000 & \text { Nat sales } \\\$50,000 & \text { Average accounts receivable (net ) }\end{array}$$
Determine the (a) accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place.

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Definitions:

Initiative V. Guilt

A stage in Erik Erikson's theory of psychosocial development where young children learn to assert control and power over their environment or experience guilt for their efforts.

Egalitarian

A belief or doctrine that emphasizes equality, especially regarding moral, political, social, and economic rights for all humans.

Sensitivity

The quality of being easily influenced, changed, or affected by external conditions or stimuli.

Authoritative Parenting

A parenting style characterized by high responsiveness and high demands, where parents set clear standards, are assertive but not intrusive or restrictive.