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A firm has sales of $2.5 million, and 5 percent of the sales are for cash. The year-end accounts receivable balance is $190,000 What is
A firm has sales of $2.5 million, and 5 percent of the sales are for cash. The year-end accounts receivable balance is $190,000 What is the average collection period? (Use a 360-day year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Average collection period days A firm has sales of $2.5 million, and 5 percent of the sales are for cash. The year-end accounts receivable balance is $190,000 What is the average collection period? (Use a 360-day year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Average collection period days
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