4. Vitron Corp. has a current accounts receivable balance of $483,810. Credit sales for the year...

4. Vitron Corp. has a current accounts receivable balance of $483,810. Credit sales for the year ended were $5,700,000. What is the receivables turnover? The days’ sales in receivables? (10 Points)

(Use Excel and Excel Formulas)

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Expert Solution


Account Receivables	$ 483810

Credit Sales		$5700000

Receivables Turnover	=Net Credit Sales
			Average Accounts receivable

			=5700000/483810
			11.78148

Days Sales		=Accounts Receivable * Number of Days
			Total Credit Sales

			=483810/5700000*365
			30.98082

jeff jeffy answered 2 years ago

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