Question
Emma Corp. had credit sales of $300,000 last year and on average had $25,000 in its accounts receivable during the year. What is its average
Emma Corp. had credit sales of $300,000 last year and on average had $25,000 in its accounts receivable during the year. What is its average collection period?
| about 30 days | ||
| about 12 days | ||
| about 1 day | ||
| about 3 days |
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Keys To Reading An Annual Report
Authors: George T. Friedlob, Ralph E. Welton
4th Edition
0764139150, 978-0764139154
