Question
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average collection period Wildhorse 12.90 27.15 Lewis 13.10 27.00 Danforth
In the table below the information for four companies is provided.
Company | Accounts Receivable turnover | Average collection period |
|---|---|---|
Wildhorse | 12.90 | 27.15 |
Lewis | 13.10 | 27.00 |
Danforth | 10.10 | 33.95 |
Sarasota | 13.80 | 26.95 |
Industry Average | 13.70 | 27.90 |
If Sarasota's net credit sales are $434700, what are its average net accounts receivable?
$12606
$59989
$104095
$31500
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As we know Net Credit sale Average met accoun...
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Essentials Of Statistics For The Behavioral Sciences
Authors: Susan A. Nolan
3rd Edition
1464107777, 978-1464107771
