Question
Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories
Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Year ended 12/31/2021 $8,099 4,917 2,059 566 557 608 Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity Average collection period 12/31/2021 $ 1,125 1,160 1,205 13,650 $17,140 days $ 5,897 5,741 $11,638 $ 5,502 12/31/2020 $ 79 814 669 3,994 $5,556 Required: Compute the average collection period for 2021. (Round your final answer to 1 decimal place.) $2,359 2,371 $4,730 826
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
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