Question
SunlandClothing Store had a balance in the Accounts Receivable account of $757000at the beginning of the year and a balance of $893000at the end of
SunlandClothing Store had a balance in the Accounts Receivable account of $757000at the beginning of the year and a balance of $893000at the end of the year. Net credit sales during the year amounted to $12375000. The average collection period of the accounts receivable in terms of days was
13.7days.
48.7days.
26.1days.
24.3days.
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
