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A company has total sales of $386,165 $15,500 65.00% The ending balance in Accounts Receivable is Assuming that the following percentage represents the percent of
A company has total sales of $386,165 $15,500 65.00% The ending balance in Accounts Receivable is Assuming that the following percentage represents the percent of sales on Credit. It implies that 35% of sales are in Cash. The firm follows a calendar year of 365days How many days on average does it take the company to collect money on their receivables? a. 23.55 O b. 54.22 Oc. 22.54 O d. 22.45
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