The financial statements of winery Andrew Peller Limited reported net sales of $297,824 thousand for its year
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The financial statements of winery Andrew Peller Limited reported net sales of $297,824 thousand for its year ended March 31, 2014. Accounts receivable were $22,693 thousand at March 31, 2014, and $25,484 thousand at March 31, 2013. Calculate the company's accounts receivable turnover ratio and the average collection period for accounts receivable in days.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For 
Intermediate Accounting
ISBN: 978-1119048534
11th Canadian edition Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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