ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
2
Receivables Turnover
3
($ in thousands)
Year 1 Year 2
4
5
Total Credit Sales
$110 $120
6
(–) Sales Returns
(8)(10)
7
(–) Sales Allowances
(2)(2)
8
Net Credit Sales
$100 $108
9
10
Accounts Receivable
$20 $25
11
Average A/R Balance
$23
12
13
Receivables Turnover
4.8x
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100