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LESSON 7-3 Accounts Receivable Turnover Ratio

Published byDarcy Copeland Modified over 6 years ago

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Presentation on theme: "LESSON 7-3 Accounts Receivable Turnover Ratio"— Presentation transcript:

1 LESSON 7-3 Accounts Receivable Turnover Ratio
8/29/2018 LESSON 7-3 Accounts Receivable Turnover Ratio RED

2 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the beginning and ending book value. 1 Total Accounts Receivable Allowance for Uncollectible Accounts Book Value of Accounts – = Beginning $50,329.14 $1,416.83 $48,912.31 – = Ending $45,462.79 $1,363.88 $44,098.91 – = LESSON 7-3

3 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the average book value. 2 Beginning Book Value of Accounts Receivable Ending Book Average Book + =  2 ($48,912.31 $44,098.91) $46,505.61 + =  2 LESSON 7-3

4 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the accounts receivable turnover. 3 Net Sales on Account Average Book Value of Accounts Receivable Accounts Receivable Turnover Ratio = $330,312.85 $46,505.61 7.1 times = LESSON 7-3

5 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the average number of days for payment. 4 Days in Year Accounts Receivable Turnover Ratio Average Number of Days for Payment = 365 7.1 51 = LESSON 7-3

6 ANALYZING ACCOUNTS RECEIVABLE TURNOVER RATIOS
page 212 LESSON 7-3

7 TERMS REVIEW accounts receivable turnover ratio
LESSON 7-3 8/29/2018 TERMS REVIEW page 213 accounts receivable turnover ratio book value of accounts receivable LESSON 7-3 RED

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