A company had total sales of $500,000 during the year and collected $450,000 from customers. The company
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A company had total sales of $500,000 during the year and collected $450,000 from customers. The company also had accounts receivable of $20,000 at the beginning of the year and $25,000 at the end of the year. Calculate the company's accounts receivable turnover and average collection period.
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: