Hi, I need Accounting help please. Bo Sports’ net sales, average net trade accou

Question

Hi, I need Accounting help please.

Bo Sports’ net sales, average net trade accounts receivable, and net income were $5,700,000, $629,000, and $340,000, respectively.

Round your answers to two decimal places.

Required:

1. Calculate Bo's accounts receivable turnover.

2. Calculate Bo's net profit margin ratio.
%

Diviney Corporation's net sales and average net trade accounts receivable were $8,750,000 and $630,000, respectively.

Required:

Calculate Diviney's accounts receivable turnover. Round your answer to two decimal places.

Explanation / Answer

Bo sports

Accounts recievable turnover = Turnover/Accounts recievable

= 5700000/629000

= 9.06

Profut margin = 340000/57000000

= 5.96%

Diviney corporation

Accounts recievable turnover = Turnover/Accounts recievable

= 8750000/630000

= 13.89

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