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In 2021 Bramble Co. had credit sales of $2110000 and sales returns and allowances related to these sales of $153000. Its comparative balance sheet at
In 2021 Bramble Co. had credit sales of $2110000 and sales returns and allowances related to these sales of $153000. Its comparative balance sheet at December 31, 2021 showed the following: 2021 2020 Accounts receivable $837000 $672000 Less: Allowance for doubtful accounts 73000 70000 Carrying amount $764000 $602000 The companys average collection period for 2021 is (Round answers to 0 decimal places. Use 365 days for the calculation purpose.)
116 days.
127 days
.131 days.
141 days.
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