Question
Exercise C A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000. What is the average number of days
Exercise C A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000.
What is the average number of days accounts receivable are outstanding? Calculate its accounts receivable turnover and average days in accounts receivable.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
5th Edition
0073208140, 978-0073208145
