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Calculate days in accounts receivable: Gross accounts receivable was $600,000 as of 12/31/19 Gross billings for the year was $8,000,000 as of 12/31/19 Applying the
Calculate days in accounts receivable:
- Gross accounts receivable was $600,000 as of 12/31/19
- Gross billings for the year was $8,000,000 as of 12/31/19
- Applying the formula, what are days in AR?
- Use the full year of 360 days in calculation average daily revenue needed to complete the calculation.
- What is the answer?
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Connect For Payroll Accounting 2020
Authors: Jeanette Landin
6th Edition
1260943895, 9781260943894
