Assume The Coca-Cola Companys accounts receivable turnover was 9.05, and its average amount of net receivables during

Question:

Assume The Coca-Cola Company’s accounts receivable turnover was 9.05, and its average amount of net receivables during the period was $3,424 million. What is the amount of its net credit sales for the period? What is the average collection period in days?

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...

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