What is the value of its holdings. Dasco o, o instead it drew 9 percent interest and the real went up by 13 percent against the dollar? h 0 Thompson Wood Products has credit sales of $2,160,000 and accounts receiv- able of $288,000. Compute the value of the average collection period Oral Roberts Dental Supplies has annual sales of $5,200,000. Ninety percent are on credit. The firm has $559,000 in accounts receivable. Compute the value of the average collection period. Knight Roundtable Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2008. Assume a 360-day year. What is the com- pany's average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period. Darla's Cosmetics has annual credit sales of $1,440,000 and an average collec- tion period of 45 days in 2008. Assume a 360-day year. 5. 6. 7. 8. What is the company's average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period. Barney's Antique Shop has annual credit sales of $1,620,000 and an accounts receivable balance of $157,500. Calculate the average collection period (use 360 days in a year)