Question
An analyst has obtained the following information about ABC, Inc. Sales: $54,600 COGS = $19,303 Accounts Receivables = $29,458 Accounts Payable = $15,153 Inventory =
An analyst has obtained the following information about ABC, Inc.
Sales: $54,600
COGS = $19,303
Accounts Receivables = $29,458
Accounts Payable = $15,153
Inventory = $49,204
Assume 365 days.
What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?
Enter the answer rounded off to two decimal points.
Step by Step Solution
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To calculate the average collection period ACP or accounts receivable period AR ...
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
