Stargell Lumber Yard has a current accounts receivable balance of $392,164. Credit sales for the year just ended were $2,105,620. What is the receivables turnover? The days' sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

The receivables turnover of Stargell Lumber Yard is equal to 5.37.The days' sales in receivables is equal to 67.97 days.The average number of time for credit customers to pay off their accounts during the past year is equal to 67.97 days.How to calculate the the receivables turnover? Mathematically, the receivables turnover of a business organization can be calculated by using this formula:Receivables turnover = Credit sales/Accounts receivableReceivables turnover = $2,105,620/$392,164Receivables turnover = 5.37.Next, we would calculate the days' sales in receivables as follows:Days' sales in receivables = Total number of days in a year/Receivables turnover.Days' sales in receivables = 365/5.37Days' sales in receivables = 67.97 daysIn conclusion, the average number of time for credit customers to pay off their accounts during the past year is equivalent to the days' sales in receivables, which is equal to 67.97 days.Read more on receivables here: https://brainly.com/question/15895966#SPJ1