Question
A company has an accounts receivable balance of $300,000 as of the end of the year. Credit sales for the year totaled $2,000,000. What were
A company has an accounts receivable balance of $300,000 as of the end of the year. Credit sales for the year totaled $2,000,000. What were the accounts receivable days outstanding as of the end of the year (not average for the year)?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
