Calculating accounts receivable turnover ratio through Balance Sheet (1 Viewer)

[moon_princess]

How do you calculate the accounts recievable turnover ratio through a balance sheet?

 

[totally_screwed]

How do you calculate the accounts recievable turnover ratio through a balance sheet?

the acc receivable turnover ratio is (sales/acc receivable) right?
you're gonna need more than just a balance sheet to calculate it then, because sales are shown on an income statement while accounts receivable are shown on a balance sheet (under current assets).
I've seen mc questions where they provide a balance sheet, and underneath there's some data from the business's income statement (detailing the sales), and u have to find the acc receivable turnover ratio which is possible. so to answer your question, u can't calculate it through a balance sheet alone and questions won't ask for the impossible like that

 

[totally_screwed]

oh wait and then after you do sales/acc receivable, you have to divide 365 by your answer to get the number of days it takes for the business to collect unpaid debts