Twist Corp. has a current accounts receivable balance of $328,800. Credit sales for the year just ended were $4,192,200.
a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e. g., 32.16.)
b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e. g., 32.16.)
c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e. g., 32.16.)
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Twist Corp. has a current accounts receivable balance of $328,800. Credit sales for the year just en...
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