Question
The 2011 income statements of Lowell Inc. reports net sales of $3,778.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December
The 2011 income statements of Lowell Inc. reports net sales of $3,778.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December 31, 2011 and $501.0 million at December 31, 2010. The average collection period in 2011 was:
| A. | 7 days | |
| B. | 51 days | |
| C. | 53 days | |
| D. | 50 days | |
| E. | None of the above |
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The Palgrave Handbook Of Government Budget Forecasting
Authors: Daniel Williams, Thad Calabrese
1st Edition
3030181944, 978-3030181949
