Miningcave Crypto-Solution is a trendy and dynamic company specializing in the field of Digital-currencies. Always at the forefront and seeking the latest technologies, our mission is to provide both efficient and accessible mining solutions. Whatever the size of your project, our specialists will accompany and advise you in achieving your goals.
Since accounts receivable and inventory are balance sheet items, they do not directly affect your companyâs income statement. Fluctuations or changes in these two current assets always appear on the balance sheet and on the cash flow statement. Revenues on the income statement show up as A/Rs or cash on the balance sheet and cash flow statement.
Accounts receivable turnover is calculated by dividing net credit sales by the average accounts receivable for that period. The reason net credit sales are used instead of net sales is that cash sales don't create receivables. Only credit sales establish a receivable, so the cash sales are left out of the calculation.