Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):
Allowance for Doubtful Accounts
Cost of Goods Sold
1. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)
2. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)
Hi there! Click one of our representatives below and we will get back to you as soon as possible.