Question
The financial statements of the Metlock, Inc. report net sales of $300000 and accounts receivable of $51600 and $19200 at the beginning of the year
The financial statements of the Metlock, Inc. report net sales of $300000 and accounts receivable of $51600 and $19200 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.)
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Accounting What The Numbers Mean
Authors: David Marshall
13th Edition
1264126743, 9781264126743
