AR8 - CHAPTER 1 MODULE 1 Accounts Receivable Module 8...

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Accounts Receivable (AR)- Module 8 Pg 1 Introduction to Accounting II Professor Marc Smith CHAPTER 1 MODULE 1 Accounts Receivable Module 8 Financial’Statement’Ra-os’Rela-ng’to’Accounts’ Receivable:’ 1. ’ Accounts’Receivable’Turnover’ 2. ’ Average’Collec-on’Period’ ’ ’ Accounts Receivable – Module 8 Accounts’Receivable’Turnover’ Measures’the’number’of’-mes’on’average’ the’company’collects’its’accounts’receivable.’ Net’Sales’Revenue’ ’Average’Accts’Receivable’ = Accounts’Receivable’ Turnover’ ’Accts’Receivable’at’Jan.’1’+’ Accts’Receivable’at’Dec.’31’ ’2’ = Average’Accts’Receivable’ Accounts Receivable – Module 8 The’ accounts’receivable’turnover’ra-o ’is’an’indica-on’ of’how’many’-mes’during’a’year’a’company’is’‘turning’ over±’or’collec-ng’its’receivables.’
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AR8 - CHAPTER 1 MODULE 1 Accounts Receivable Module 8...

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