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The following information is available for Pharoah Company. Beginning accounts receivable $78,400 Ending accounts receivable 123,200 Net sales 1,108,800 Compute the accounts receivable turnover
The following information is available for Pharoah Company. Beginning accounts receivable $78,400 Ending accounts receivable 123,200 Net sales 1,108,800 Compute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places, e.g 15.2. Use 365 days for calculation.) Accounts receivable turnover Average collection period times days
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