Question
A company had total sales of $500,000 during the year and collected $450,000 from customers. The company also had accounts receivable of $20,000 at the
A company had total sales of $500,000 during the year and collected $450,000 from customers. The company also had accounts receivable of $20,000 at the beginning of the year and $25,000 at the end of the year. Calculate the company's accounts receivable turnover and average collection period.
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
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