Question
Top Notch clothiers had sales of $1,989,960 for the quarter ending July 200x. If their balance sheet for the period showed Accounts Receivable at $821,940,
Top Notch clothiers had sales of $1,989,960 for the quarter ending July 200x. If their balance sheet for the period showed Accounts Receivable at $821,940, what is their average collection period?(show calculation)
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
