Notes
A/R Turnover
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Points to be addressed:
A/R turnover = 10 = Net Sales/ Ave. A/R
Total Assets turnover = 2= Sales/total assets
Average receivables during the year = 200K
----> Net sales = A/R turnover * Ave. A/R = 200K * 10 = 2000K
----> Total assets = Sales/ total assets turnover = 2000K/2 =1000K
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- CPA preparation Note on A/R Turnover, created by Xiaoting Zhang on 06/12/2017.
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- Xiaoting Zhang · Dec 2017
- Updated
- Dec 6, 2017
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