Question
IBM Corporation provided the following information for the year 2023: Beginning accounts receivable: $400,000 Ending accounts receivable: $500,000 Net credit sales: $2,400,000 Calculate the accounts
IBM Corporation provided the following information for the year 2023:
- Beginning accounts receivable: $400,000
- Ending accounts receivable: $500,000
- Net credit sales: $2,400,000
Calculate the accounts receivable turnover ratio and the average collection period for IBM Corporation for the year 2023.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
