Question
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 37 days. The firms credit sales for 2015 were $55.6 million.
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 37 days. The firms credit sales for 2015 were $55.6 million.
What is the year-end 2015 balance in accounts receivable for Mr. Huskers Tuxedos? (Round your answer to the nearest whole dollar. Use 365 days a year.)
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
