Question
The financial statements of Pomegranate Produce contained the following information: Net Sales Revenue $ 1,000,000 Net Accounts Receivable, beginning of year 200,000 Net Accounts Receivable,
The financial statements of Pomegranate Produce contained the following information:
Net Sales Revenue $ 1,000,000
Net Accounts Receivable, beginning of year 200,000
Net Accounts Receivable, end of year 120,000
The average length of time it takes for Pomegranate Produce to collect accounts receivable is approximately:
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Management Accounting Change Approaches And Perspectives
Authors: Chandana Alawattage, Danture Wickramasinghe
1st Edition
0415393329, 978-0415393324
