Question
Kingbird, Inc. had a balance in the Accounts Receivable account of $788000 at the beginning of the year and a balance of $853000 at the
Kingbird, Inc. had a balance in the Accounts Receivable account of $788000 at the beginning of the year and a balance of $853000 at the end of the year. Net credit sales during the year amounted to $7384500. The average collection period of the accounts receivable in terms of days was?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408076866
