A recent annual report for NPS contained the following data: (dollars in thousands) Current Year Previous Year Accounts receivable $ 3,747,000 $ 4,617,000 Less: Allowance for doubtful accounts 179,000 157,000 Net accounts receivable $ 3,568,000 $ 4,460,000 Net sales (assume all on credit) $ 35,497,000 Required:
Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.)
Receivables Turnover Ratio
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Denominator 0 times
Average Days Sales in Receivables
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Denominator 0 days