Swifty Corporation reported net credit sales of $3212375 for this year. The company had accounts receivable of
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Swifty Corporation reported net credit sales of $3212375 for this year. The company had accounts receivable of $370000 at the beginning of the year. During the year, the only transactions to affect receivables were the credit sales and collections of $3123375.
What was Swifty’s average days to collect? (Use 365 days for calculation.)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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