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Missoula Incorporated reported the following selected financial statement d December 31, 2023 December 11, 2024 Cash $ 33,000 Accounts receivable (net) Inventory Plant assets (net)
Missoula Incorporated reported the following selected financial statement d December 31, 2023 December 11, 2024 Cash $ 33,000 Accounts receivable (net) Inventory Plant assets (net) 51,000 $36,500 59,000 71,000 75,000 213,000 224,000 Total assets 414,000 401,000 Liabilities 140,000 148,000 Shareholders equity 266,000 253,000 Net sales 415,000 456,500 Cost of goods sold 223,000 286,000- Net income 23,000 31,000 Required: Compute the average collection period for 2024 Note: Do not round intermediate calculations. Round your answer to 1 decin Average collection penod days < Prev 30 of 40 Next > mere to search II O J FE 8) a n * F3 #t C F4 S " 40 FS FB < F7
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