Question
SB Company reported sales of $540,000 on account last year. The company's accounts receivable balance increased from $30,000 at the beginning of the year to
SB Company reported sales of $540,000 on account last year. The company's accounts receivable balance increased from $30,000 at the beginning of the year to $54,000 at the end of the year. What was the company's average collection time? Calculate
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
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