Question
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 39 days. The firms credit sales for 2015 were $56.8 million.
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 39 days. The firms credit sales for 2015 were $56.8 million.
| What is the year-end 2015 balance in accounts receivable for Mr. Huskers Tuxedos? (Enter your answer in dollars, not millions. Round your answer to the nearest whole dollar. Use 365 days a year.) |
| Accounts receivable | ___________ $ |
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Risk Sharing Finance
Authors: Bakkali Mirakhor, Saad Abbas
1st Edition
3110590468, 978-3110590463
