Chik's Chickens has average accounts receivable of $6,333. Sales for the year were $9,800. What is its

Question:

Chik's Chickens has average accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...