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:

Trembling

An involuntary shaking or quivering movement resulting from stress, fear, weakness, or illness.

Agoraphobia

A type of anxiety disorder characterized by an extreme fear of being in places or situations from which escape might be difficult.

Overwhelming Fear

Overwhelming fear is an intense emotional response characterized by a sense of dread or panic that can disrupt normal functioning and is often disproportionate to the actual threat posed.

Crowded Airplane

Refers to a situation where an airplane is filled to its capacity with passengers, often leading to discomfort and lack of space.