Question
Beauty Aids has an average collection period of 8.4 days and annual credit sales of $937,800. What is the average investment in accounts receivable as
Beauty Aids has an average collection period of 8.4 days and annual credit sales of $937,800. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year.
$20,375
$18,906
$18,850
$21,582
$22,506
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
