Question
Camden Hardwares credit sales for the year were $493,000. Accounts receivable at the beginning and end of the year were $48,000 and $68,000, respectively. a.
Camden Hardwares credit sales for the year were $493,000. Accounts receivable at the beginning and end of the year were $48,000 and $68,000, respectively. a. Calculate the accounts receivable turnover ratio. b. Calculate the average collection period for the year. (Round your answers to 2 decimal places. Use 365 days a year.)
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Guidelines For Laboratory Quality Auditing
Authors: Donald C. Singer, Ronald P. Upton
1st Edition
0824787846, 978-0824787844
