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Marie's Clothing Store had an accounts receivable balance of $470,000 at the beginning of the year and a yearend balance of $590,000. Net credit sales
Marie's Clothing Store had an accounts receivable balance of $470,000
at the beginning of the year and a yearend balance of $590,000.
Net credit sales for the year totaled $2,200,000.
The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)
88
days.
B.98
days.
C.78
days.
D.10
days.
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