Question: Mariota's has annual sales of $539,200 and cost of goods sold of $350,480. The beginning accounts receivable was $45,000 and the ending receivables is $51,100.
Mariota's has annual sales of $539,200 and cost of goods sold of $350,480. The beginning accounts receivable was $45,000 and the ending receivables is $51,100. How many days on average does it take the company to collect its accounts receivable? Assume 365 days per year. Muliple Choice 34.59 days 11.22 days 29.82 days 30.46 days 32.53 davs
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