Question
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average collection period Concord 13.95 26.45 Lewis 12.75 25.45 Danforth
In the table below the information for four companies is provided.
| Company | Accounts Receivable turnover | Average collection period |
|---|---|---|
| Concord | 13.95 | 26.45 |
| Lewis | 12.75 | 25.45 |
| Danforth | 11.80 | 35.25 |
| Tamarisk | 13.15 | 26.90 |
| Industry Average | 12.50 | 25.75 |
If Tamarisk's net credit sales are $716675, what are its average net accounts receivable?
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Forest Management Auditing
Authors: Lucio Brotto
1st Edition
0367605872, 978-0367605872
