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SheffieldClothing Store had a balance in the Accounts Receivable account of $760000 at the beginning of the year and a balance of $810000 at the
SheffieldClothing Store had a balance in the Accounts Receivable account of $760000 at the beginning of the year and a balance of $810000 at the end of the year. Net credit sales during the year amounted to $3925000. The average collection period of the accounts receivable in terms of days was
A. 62.4 days.
B. 146.0 days.
C. 75.1 days.
D. 73.0 days.
please include equation so i can learn how to do this myself. Thank you.
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