Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables, using both methods for calculating the days’ sales in receivables ratio. Round to one decimal place.

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A company reports the following Net sales

A company reports the following:

Net sales ……………………………………………….$1,120,000

Average accounts receivable (net) ………………………. 72,000

Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables, using both methods for calculating the days’ sales in receivables ratio. Round to one decimal place.

A company reports the following Net sales