Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net...

 

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Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Year ended 12/31/2021 $8,099 4,917 2,059 566 557 608 Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity Average collection period 12/31/2021 $ 1,125 1,160 1,205 13,650 $17,140 days $ 5,897 5,741 $11,638 $ 5,502 12/31/2020 $ 79 814 669 3,994 $5,556 Required: Compute the average collection period for 2021. (Round your final answer to 1 decimal place.) $2,359 2,371 $4,730 826 Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Year ended 12/31/2021 $8,099 4,917 2,059 566 557 608 Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity Average collection period 12/31/2021 $ 1,125 1,160 1,205 13,650 $17,140 days $ 5,897 5,741 $11,638 $ 5,502 12/31/2020 $ 79 814 669 3,994 $5,556 Required: Compute the average collection period for 2021. (Round your final answer to 1 decimal place.) $2,359 2,371 $4,730 826

Answer rating: 100% (QA)

445 days EXPLANATION net sales 8099 average ... View the full answer