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    Average daily credit sales

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    Martin Electronics has and account receivable turnover equal to 15 times. If accounts receivable are equal to $80,000 what is the average daily credit sales?
    (round your answer to the nearest dollar amount)

    Average daily credit sales: ?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:33 am ad1c9bdddf
    https://brainmass.com/business/accounting/average-daily-credit-sales-345122

    Solution Summary

    The solution explains how to calculate the average daily credit sales.

    $2.19

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