Question
Valdez Company reported sales of $343,000; beginning net Accounts Receivable of $89,000 and ending net Accounts Receivable of $111,000. Valdez Company's receivable collection period (rounded
Valdez Company reported sales of $343,000; beginning net Accounts Receivable of $89,000 and ending net Accounts Receivable of $111,000. Valdez Company's receivable collection period (rounded to the nearest day) is: (Use a 365-day year for computations.)
A. 118. B. 95. C. 106. D. 79
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
