Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Exercise 6

Calculate the Average Accounts Receivable, the Accounts eceivable Turnover Ratio, and the Accounts Receivable Turnover in Days
Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances:

Refer to the information for Nikkola Company above.
Required:
Note : Round answers to one decimal place.
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable turnover in days.