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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Introduction To Financial Accounting

ISBN: 0131479725

9th Edition

Authors: Charles T Horngren, John A Elliott

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