Question
the average sale period was 25 days and the operating cycle was 75 days for xyz corporation in year 2. if xyz's accounts receivable were
the average sale period was 25 days and the operating cycle was 75 days for xyz corporation in year 2. if xyz's accounts receivable were $30000 and 50,000 at the end of year 1 and respectively, how much were year 2 sales on account?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
