Accounts Receivable Turnover and Average Collection Period Vulcan Materials Company had recent sales of $2.7 billion. Beginning
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Accounts Receivable Turnover and Average Collection Period Vulcan Materials Company had recent sales of $2.7 billion. Beginning and ending accounts receiv- able for the fiscal year were $334 million and $343 million, respectively. Compute Vulcan's accounts receivable turnover and average collection period for the fiscal year. Assume all sales are on open account.
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Related Book For
Introduction To Financial Accounting
ISBN: 0131479725
9th Edition
Authors: Charles T Horngren, John A Elliott
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