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3 (2) Calculate days in accounts receivable: -Gross accounts receivable as of 12/31/17 -$600,000 -Gross billing for the year was $7,200,000 Applying the formula, what
3 (2) Calculate days in accounts receivable: -Gross accounts receivable as of 12/31/17 -$600,000 -Gross billing for the year was $7,200,000 Applying the formula, what is days in AR as of 12/31/17. (Use the full year of 360 days in calculation average daily revenue needed to complete the calculation)
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
