Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable as
Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year.
$393,134
$524,000
$472,767
$446,000
$408,888
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Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
