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Assume that a company has $2,500,000 of sales on credit in 2017, and an ending accounts receivable balance of $550,000. The ending accounts receivable balance
Assume that a company has $2,500,000 of sales on credit in 2017, and an ending accounts receivable balance of $550,000. The ending accounts receivable balance for 2016 was $450,000. Use this information and/or the company's accounts receivable turnover ratio that you calculated in the previous question to calculate the company's average collection period. (Enter your answer rounded to the nearest whole number.)
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