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Using the information below, calculate the Average Collection Period/Average Days Sales in Receivables ratio. Account Name Net Sales Wage Expense Interest Expense Cost of Goods
Using the information below, calculate the Average Collection Period/Average Days Sales in Receivables ratio. Account Name Net Sales Wage Expense Interest Expense Cost of Goods Sold Bad Debt Expense Amount $303,000 $37,000 $7,000 $164,000 $31,000 Net Accounts Receivable at the beginning of the year: $45,000 Net Accounts Receivable at the end of the year: $88,000 Inventory at the beginning of the year: $74,000 Inventory at the end of the year: $86,000 O 80.107 O 89.237 O 224.745 O 712.195 118.088
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