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 the number of times per year that a business collects its average accounts receivable. The ratio is intended to evaluate the ability of a company to efficiently issue credit to its customers and collect funds from them in a timely manner.or example, the controller of ABC Company wants to determine the company's accounts receivable turnover for the past year. In the beginning of this period, the beginning accounts receivable balance was $316,000, and the ending balance was $384,000. Net credit sales for the last 12 months were $3,500,000.