If Larry in exercise 5 has accounts receivable of $100,000 rather than $60,000 a What is Larrys accounts receivable turnover b What is Larrys average collection period c What should Larry do, if anything ...

a AR turnover 500000100000 5 times b Average collection period 3655 73 days c L ...

If Larry in exercise 5 has accounts receivable of $100,000 rather than $60,000: a. What is Larrys

Question:

If Larry in exercise 5 has of $100,000 rather than $60,000:
a. What is Larry’s turnover?
b. What is Larry’s average collection period?
c. What should Larry do, if anything?
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...