Question
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average collection period Pina Colada 11.05 27.40 Lewis 13.30 25.65
In the table below the information for four companies is provided.
| Company | Accounts Receivable turnover | Average collection period |
|---|---|---|
| Pina Colada | 11.05 | 27.40 |
| Lewis | 13.30 | 25.65 |
| Danforth | 11.65 | 35.75 |
| Sheffield | 13.85 | 26.95 |
| Industry Average | 12.80 | 25.80 |
If Sheffield's net credit sales are $817150, what are its average net accounts receivable?
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
