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Sheffield Corporation reported net credit sales of $3685575 for this year. The company had accounts receivable of $420000 at the beginning of the year. During
Sheffield Corporation reported net credit sales of $3685575 for this year. The company had accounts receivable of $420000 at the beginning of the year. During the year, the only transactions to affect receivables were the credit sales and collections of $3586575. What was Sheffield's average days to collect? (Use 365 days for calculation.) 8.8 days. 41.6 days. 46.5 days. 36.2 days eTextbook and Media
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