In 2014, Phil Mickelson Company has net credit sales of $923,795 for the year. It had a

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In 2014, Phil Mickelson Company has net credit sales of $923,795 for the year. It had a beginning accounts receivable (net) balance of $38,275 and an ending accounts receivable (net) balance of $35,988. Compute Phil Mickelson Company’s

(a) accounts receivable turnover and

(b) average collection period in days.

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Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Feb 11, 2024 03:00 AM

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In 2014, Phil Mickelson Company has net credit sales of $923,795 for the year. It had a

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b Net credit sales 923795 Days in year 365 ...View the full answer

Financial And Managerial Accounting

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