Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Charles Company at December 31, 2016: Accounts Receivable $25,000 Sales Revenue $240,000 What was Charles Company's average days to

The following information is available for Charles Company at December 31, 2016:

Accounts Receivable $25,000
Sales Revenue $240,000

What was Charles Company's average days to collect receivables for 2016? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to two decimal places.)

10.02

38.02

36.42

9.60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions