Bison Co. has presented excerpts from its financial statements for 2021 and 2022 below. Calculate Bison...
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Bison Co. has presented excerpts from its financial statements for 2021 and 2022 below. Calculate Bison Co.'s 2022 average collection period, rounded to the nearest day. Accounts Receivable Merchandise Inventory Net Sales Cost of Goods Sold 2021 $83,000 $61,000 $403,000 $243,000 2022 $75,000 $75,000 $375,000 $223,000 Bison Co. has presented excerpts from its financial statements for 2021 and 2022 below. Calculate Bison Co.'s 2022 average collection period, rounded to the nearest day. Accounts Receivable Merchandise Inventory Net Sales Cost of Goods Sold 2021 $83,000 $61,000 $403,000 $243,000 2022 $75,000 $75,000 $375,000 $223,000
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First calculate the average accounts receivable balance for 2021 and 2022 Average Accounts Receivabl... View the full answer
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