How is days to collect accounts receivable determined? 365 days divided by accounts receivable turnover. Net sales
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Question:
How is days to collect accounts receivable determined?
365 days divided by accounts receivable turnover.
Net sales divided by 365.
Net sales divided by average net trade receivables.
Accounts receivable turnover divided by 365 days.
Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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