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Accounting study help Marie's Clothing Store had an accounts receivable balance of $490,000 at the beginning of the year and a year-end balance of $620,000.
Accounting study help
Marie's Clothing Store had an accounts receivable balance of $490,000 at the beginning of the year and a year-end balance of $620,000. Net credit sales for the year totaled $3,400,000. The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) O A. 60 days. OB. 67 days. O C. 7 days. OD. 53 daysStep by Step Solution
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