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Megan LLC account receivable = 240,000 on Jan 1, 2019 There was a net credit of =1,700,000 during 2019. cash collection of =1,698,000 accounts written
Megan LLC account receivable = 240,000 on Jan 1, 2019
There was a net credit of =1,700,000 during 2019.
cash collection of =1,698,000
accounts written off = 30,000
A) Compute account receivable turn over for this year?
B)Average collections period in days? 365 days for calulations.
Please show work so I can understand how to find solutions.
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