Question
The financial statements of the Wildhorse Co. reports net sales of $696000 and accounts receivable of $90000 and $24000 at the beginning of the year
The financial statements of the Wildhorse Co. reports net sales of $696000 and accounts receivable of $90000 and $24000 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.)
17.7 days
59.8 days
29.9 days
42.1 days
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
