Net sales revenue$345,000$205,000$32,500Cost of goods soldAverage accounts receivableAverage inventory$9.450Average plant, property and equipment$81,250Average total assets$130,000Calculate the company's days to collect for the current year.Multiple Choice91.25 Calculate the company's days to collect for the current year.Multiple Choice91.2584.8857.8434.37

The average collection period refers to how long it takes a business to collect its receivables.…

$345,000 $205,000 $32,500 Net sales revenue Cost of goods sold Average accounts receivable Average inventory $9,450 Average plant, property and equipment $81,250 Average total assets $130,000 alculate the company's days to collect for the current year.

$345,000 $205,000 $32,500 Net sales revenue Cost of goods sold Average accounts receivable Average inventory $9,450 Average plant, property and equipment $81,250 Average total assets $130,000 alculate the company's days to collect for the current year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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