Question
The financial statements of Kingbird, Inc. reports net sales of $ 600000 and accounts receivable of $ 79200 and $ 31200 at the beginning of
The financial statements of Kingbird, Inc. reports net sales of $600000 and accounts receivable of $79200 and $31200 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.)
33.6 days
67.2 days
21.4 days
45.8 days
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
