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The net sales of a company were $2,410,000 and its cost of goods sold was $560,000 this year. The company had an average inventory of
The net sales of a company were $2,410,000 and its cost of goods sold was $560,000 this year. The company had an average inventory of $157,000 and an average accounts receivable of $423,000. Calculate its average collection period. Select one: a. 64.3 days O b. 64.4 days c. 64.7 days d. 63.9 days e. 64.1 days
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