Given an accounts receivable turnover of 7.1 and annual credit sales of $750087, CALCULATE the average collection

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Given an accounts receivable turnover of 7.1 and annual credit sales of $750087, CALCULATE the average collection period is ___ days

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: May 24, 2023 12:26 AM

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Given an accounts receivable turnover of 7.1 and annual credit sales of $750087, CALCULATE the average collection

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To calculate the average collection period you can use the formula Average C... View the full answer

Accounting concepts and applications

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