Question
The Ward Company has provided the following information: Net sales totaled $750,000. Beginning net accounts receivable was $65,000. Ending net accounts receivable was $85,000.
The Ward Company has provided the following information: Net sales totaled $750,000. Beginning net accounts receivable was $65,000. Ending net accounts receivable was $85,000. . What was Ward's average collection period? (Use 365 days a year) Multiple Choice O O 31.6 days. 41.8 days. 73.0 days. O 36.5 days.
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
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