The financial statements of winery Andrew Peller Limited reported net sales of $382,306 thousand for its year

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The financial statements of winery Andrew Peller Limited reported net sales of $382,306 thousand for its year ended March 31, 2020. Accounts receivable were $34,096 thousand at March 31, 2020, and $29,801 thousand at March 31, 2019. Calculate the company’s accounts receivable turnover ratio and the average collection period for accounts receivable in days.

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Intermediate Accounting Volume 1

ISBN: 9781119740469

13th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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