Question
Rawe Corporations accounts receivable at the end of Year 2 was $337,000 and its accounts receivable at the end of Year 1 was $291,000. Sales,
Rawe Corporations accounts receivable at the end of Year 2 was $337,000 and its accounts receivable at the end of Year 1 was $291,000. Sales, all on account, amounted to $1,383,000 in Year 2. The companys average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
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83.0 days
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88.9 days
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76.8 days
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4.4 days
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Buck's The Next Step Advanced Medical Coding And Auditing
Authors: Elsevier
1st Edition
0323762778, 978-0323762779
