Question
Aranna Inc. has net credit sales of $5,400 in 2019 and $4,900 in 2020. Its average accounts receivable is $520 in 2019 and $490 in
Aranna Inc. has net credit sales of $5,400 in 2019 and $4,900 in 2020. Its average accounts receivable is $520 in 2019 and $490 in 2020. What statement below is true?
It now takes longer to collect its accounts receivable
The accounts receivable collection period has improved since 2019
The accounts receivable collection period has remained constant since 2019
None of the above
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
