Hello, i’m new to accounting and i’m trying to catch up but my assignment is due and i still dont know how to. can someone please answer these questions for me.
it asks to determine the receivables turnover ratio and days to collect for 2017.
i’ve already attempted this twice and i only have one more try, but i got it wrong both times. please help!
Thank you inadvance, your expertise and help is very much appreciated
EE – TE Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [ LO` ]A RECENT annWE’ reRun for FEUE * Corporation contained the to bring data ‘n million=] !MAY 312017ACCOUNTS RECEIVable*$ 6 , 132LIEGEI JUILOVENCE For DoubtfulMEcountyACCOUNTS RECEIVABLE . HEt OFMILOHENCE$ 5. 545Yet BALES LEGTUNE LIL OnFIEdit !$ 37 , 25^Required .1 . Determine the RECEIVables turnover ratio and day’s to collect for 2017 . [Consider & ]5.5 day’s & Year. Found yourintermediate calculations and final answers 10 1 decimal place . !RECEIVEDES JUMTICKETrateBITTEEHAVE to Collect