Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MC algo 16-8 Accounts Receivable Period Mariota's has annual sales of $500,500 and cost of goods sold of $325,325. The beginning accounts receivable was $44,100

image text in transcribed
MC algo 16-8 Accounts Receivable Period Mariota's has annual sales of $500,500 and cost of goods sold of $325,325. The beginning accounts receivable was $44,100 and the ending receivables is $48,400. How many days on average does it take the company to collect its accounts receivable? Assume 365 days per year Multiple Choice 30.92 days 10.82 days 33.73 days 3216 days 35.30 days Next > 21 of 35 !!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Being A Trade Show Exhibitor Preparing For Your First Trade Show

Authors: Sasha Baumgarten

1st Edition

979-8448248139

More Books

Students also viewed these Finance questions