Question

In 2015, Wainwright Company has net credit sales of $1,300,000 for the year. It had a beginning accounts receivable (net) balance of $101,000 and an ending accounts receivable (net) balance of $107,000. Compute Wainwright Company’s
(a) Accounts receivable turnover
(b) Average collection period in days.



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  • CreatedFebruary 17, 2014
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