Swifty Shop had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance of $1007000 at
Swifty Shop had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance of $1007000 at the end of the year. Net credit sales during the year amounted to $4420000. The average collection period of the receivables in terms of days was (Round intermediate calculation to 3 decimal places, eg. 1.235 and final answer to 1 decimal places, e.g. 0.5.)
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Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
