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The following information is available for the Wetzel Company: Net income for the year ended December 31, 2014 Credit sales for the year ended
The following information is available for the Wetzel Company: Net income for the year ended December 31, 2014 Credit sales for the year ended December 31, 2014 Retained earnings, December 31, 2014 Retained earnings, December 31, 2013 Total assets, December 31, 2014 Total assets, December 31, 2013 Total liabilities, December 31, 2014 Total liabilities, December 31, 2013 Accounts Receivable, December 31, 2014 Accounts Receivable, December 31, 2013 $127.4 $1,606.0 150.0 180.0 470.0 442.0 240.0 182.0 180.0 144.0 What is the average collection period in days for the year ended December 31, 2014? A. 40.9 B. 77.3 C. 36.8 OD. 5.0
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
