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Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a balance of $901000
Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a balance of $901000 at the end of the year. Net credit sales during the year amounted to $6808000. The average collection period of the receivables in terms of days was
a. 4 days.
b. 44 days.
c. 45.6 days.
d. 42.9 days.
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