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the numbers in grey are the answer choices The following information is available for Orla Corp. for the past two years: 20X3 20X2 $600,000 (15,000
the numbers in grey are the answer choices
The following information is available for Orla Corp. for the past two years: 20X3 20X2 $600,000 (15,000 $585,000 $ 500.0000 560000 Accounts Receivable Allowance for Uncollectible Accounts Net Accounts Receivable (10,000) $490,000 Net Cash Sales Net Credit Sales Total Net Sales $ 2,000,000$ 3,000,000 3,500,000 $6,500,000 4.000.000 $6,000,000 Question: Assuming a 360-day calendar year, what is the average collection period for accounts receivable in 20X3? Round each calculation to two decimal points. Answer: 33 days 49.52 days 32.26 days 48.39 days 7.44 days 12.24 daysStep by Step Solution
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