Leggett & Platt reported sales of $7,982 million. It also reported accounts receivable (net of an allowance
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Leggett & Platt reported sales of $7,982 million. It also reported accounts receivable (net of an allowance for doubtful accounts of $36 million) of $617 million at the beginning of the year and accounts receivable (net of an allowance for doubtful accounts of $36) of $676 million at the end of the year. Calculate the average days that gross receivables were outstanding for the year.
Related Book For
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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