Question
In 2022, Wildhorse Co. has net credit sales of $1,738,000 for the year. It had a beginning accounts receivable (net) balance of $105,000 and an
In 2022, Wildhorse Co. has net credit sales of $1,738,000 for the year. It had a beginning accounts receivable (net) balance of $105,000 and an ending accounts receivable (net) balance of $115,000. (a) Your Answer Correct Answer Correct answer iconYour answer is correct. Compute Wildhorse Co.s accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover enter the accounts receivable turnover in times rounded to 1 decimal place 15.8 times eTextbook and Media Solution List of Accounts Attempts: 3 of 3 used (b) Calculate Wildhorse Co.s average collection period in days. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period enter the average collection period in days rounded to 1 decimal place days
Calculate Wildhorse Co.s average collection period in days. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)
Average collection period | enter the average collection period in days rounded to 1 decimal place | days |
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