Question: During 2018 Paynton Inc Paynton reported revenue of 1 592 000 Paynton s

During 2018, Paynton Inc. (Paynton) reported revenue of $1,592,000. Paynton's accounts receivable turnover ratio for 2018 was 4.92. What was Paynton's average amount of accounts receivable during 2018? What was Paynton's average collection period for accounts receivable during 2018?


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  • CreatedFebruary 26, 2015
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