Question
32. The financial statements of Concord Manufacturing Company report net sales of $511000 and accounts receivable of $73000 and $67000 at the beginning and end
32.
The financial statements of Concord Manufacturing Company report net sales of $511000 and accounts receivable of $73000 and $67000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
52.1 days
47.9 days
50.0 days
48.9 days
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
