Question
Oral Roberts Dental Supplies has annual sales of $6,435,000. Eighty percent are on credit. The firm has $800,800 in accounts receivable. Compute the value of
Oral Roberts Dental Supplies has annual sales of $6,435,000. Eighty percent are on credit. The firm has $800,800 in accounts receivable.
Compute the value of the average collection period. (Do not round intermediate calculations. Use a 360-day year.)
Average collection period ____________ days
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Fundamentals Of Cost Accounting
Authors: William Lanen
7th Edition
1264100841, 9781264100842
