The financial statements of the Windsor, Inc. report net sales of $372000 and accounts receivable of $49200 and $22800 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.) 75.8 45.4
The financial statements of the Windsor, Inc. report net sales of $372000 and accounts receivable of $49200 and $22800 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.) 75.8 45.4
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9E
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The financial statements of the Windsor, Inc. report net sales of $372000 and accounts receivable of $49200 and $22800 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.)
75.8
45.4
35.3
25.1
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