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TB MC Qu. 16-85 (Algo) Rawe Corporation's accounts receivable at the end... Rawe Corporation's accounts receivable at the end of Year 2 was $357,000 and
TB MC Qu. 16-85 (Algo) Rawe Corporation's accounts receivable at the end... Rawe Corporation's accounts receivable at the end of Year 2 was $357,000 and its accounts receivable at the end of Year 1 was $311,000. Sales, all on account, amounted to $1,443,000 in Year 2. The company's average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 84.5 days 78.7 days 90.3 days 4.3 days
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