The average collection period is computed by dividing a. net credit sales by ending gross accounts receivable.

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The average collection period is computed by dividing
a. net credit sales by ending gross accounts receivable.

b. 365 days by the accounts receivable turnover ratio.

c. net credit sales by average gross accounts receivable.

d. the accounts receivable turnover ratio by 365 days.

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-0077454432

14th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Sep 26, 2019 07:12 AM

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The average collection period is computed by dividing a. net credit sales by ending gross accounts receivable.

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b 365 days by the accounts receivable turnover ratio Explana... View the full answer

Foundations of Financial Management

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