Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MC algo 18-8 Accounts Receivable Period Mariota's has annual sales of $543,500 and cost of goods sold of $353,275. The beginning accounts receivable was $45,100

image text in transcribed

MC algo 18-8 Accounts Receivable Period Mariota's has annual sales of $543,500 and cost of goods sold of $353,275. The beginning accounts receivable was $45,100 and the ending receivables is $51,400. How many days on average does it take the company to collect its accounts receivable? Assume 365 days per year. Multiple Choice 34.52 days 30.29 days 29.70 days 11.26 days 3240 days

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

Step: 3

blur-text-image

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

Accounting II Guide

Authors: Permacharts Inc

1st Edition

1550807870,1554312957

More Books

Students also viewed these Finance questions

Question

Nuclear sizes are expressed in a unit named?

Answered: 1 week ago