Question
The financial statements of Bramble Manufacturing Company report net sales of $365000 and accounts receivable of $78000 and $22000 at the beginning and end of
The financial statements of Bramble Manufacturing Company report net sales of $365000 and accounts receivable of $78000 and $22000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
|
| 78.0 days |
|
| 22.0 days |
|
| 50.0 days |
|
| 100.0 days |
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CISA Certified Information Systems Auditor Bundle
Authors: Peter H. Gregory
1st Edition
1260459861, 978-1260459869
