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zintec company has annual sales of 7 0 0 0 0 0 0 of which 9 0 % are on credit ( i . e

zintec company has annual sales of 7000000 of which 90% are on credit(i.e sold on account receivable the company had 650000 in account receivable.
required(a) calculate the average daily sales and (ii) the average collection period.
required (b) the company has a policy to collect bills in 30 days how it is performing against their policy/
required (c) using their 30 day collection policy what would their averge account receivable be?

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