Question
Shelly Company reported the following financial information: 12/31/1712/31/16 Accountsreceivable$340,000$360,000 Net creditsales$ 2,450,000$2,420,000 Compute (a) the accounts receivable turnover and (b) the average collection period for
Shelly Company reported the following financial information:
12/31/1712/31/16
Accountsreceivable$340,000$360,000
Net creditsales$ 2,450,000$2,420,000
Compute (a) the accounts receivable turnover and (b) the average collection period for 2017.
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
