A company reports the following:
Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. Round your answer to one decimal place.
Definitions:
Statement Of Cash Flows
Explains how the company’s cash changed from the beginning of the accounting period to the end.
Accounting Period
A specific period of time used for financial reporting purposes, typically a year or quarter.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving insight into its financial health.
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