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In 2022,Dennis Companyhas net credit sales of $1,832,000for the year. It had a beginning accounts receivable (net) balance of $109,000and an ending accounts receivable (net)
In 2022,Dennis Companyhas net credit sales of $1,832,000for the year. It had a beginning accounts receivable (net) balance of $109,000and an ending accounts receivable (net) balance of $120,000.
I was able to calculate the accounts receivable turnover being 16
i need help calculating the average collection period
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