Business, 30.03.2020 17:57 mimi5937

Geisel, Inc. reported net sales revenue of $515,000 in 2018 and $627,000 in 2019. The company’s ending net receivables were $127,000 during 2017 and $124,000 during 2018. At December 31, 2019, the company had Accounts Receivable of $159,000 and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,900. The company reported Bad Debt Expense of $11,350 during 2018. Required: Determine the net receivables at December 31, 2019. Calculate the receivables turnover ratio for 2018 and 2019. Calculate the days to collect for 2018 and 2019.

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Geisel, Inc. reported net sales revenue of $515,000 in 2018 and $627,000 in 2019. The company’s endi...

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