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istration / Business Administration EME You had been given the following information for ABC Corporation: CABC 1. ABC Corporation has a total sales revenue with
istration / Business Administration EME You had been given the following information for "ABC" Corporation: CABC" 1. "ABC" Corporation has a total sales revenue with an amount of $425,000, which was 10% greater than the year before, and 2. Its year-end accounts receivables balance was $52,500. 3. The firm sells on terms that call for customers to pay in a maximum of 30 days after the purchase (note: but some delay payment beyond Day 30.) On average, how many days late do customers pay? Note: Base your answer on a 365-day year when calculating the average collection period. Bic 11
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