In 2025, Bismark Company has net credit sales of ($ 1,600,000) for the year. It had a
Question:
In 2025, Bismark Company has net credit sales of \(\$ 1,600,000\) for the year. It had a beginning accounts receivable (net) balance of \(\$ 108,000\) and an ending accounts receivable (net) balance of \(\$ 120,000\). Compute Bismark Company's
(a) accounts receivable turnover and
(b) average collection period in days.
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a b Net credit sales 1600000 Days in year 36...View the full answer
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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