Question: Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Pharoah and Wildhorse. Wildhorse $13.200 Sales Allowance for

Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Pharoah and Wildhorse. Wildhorse $13.200 Sales Allowance for doubtful accounts. Jan. 1 Allowance for doubtful accounts. Dec. 31 Accounts receivable balance (gross). Jan. 1 Accounts receivable balance (gross). Dec 31 Pharoah $23.100 71.0 85.0 2,600.0 3.400.0 2.100 1.400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Pharoah Wildhorse Accounts receivable turnover Average collection period days day's e Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
