Question
A company reports the following: $1,000,000 Sales $20,000 Sales discounts $60,000 Beginning accounts receivable $80,000 Ending accounts receivable What is the company's average collection period
A company reports the following:
$1,000,000 Sales $20,000 Sales discounts $60,000 Beginning accounts receivable $80,000 Ending accounts receivable
What is the company's average collection period for accounts receivable (in days)?
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
