Question: Problem 3 - 3 Calculating the Average Collection Period [ LO 2 ] Dahlia Corporation has a current accounts receivable balance of $ 4 4

Problem 3-3 Calculating the Average Collection Period [LO 2]
Dahlia Corporation has a current accounts receivable balance of $441,516. Credit sales for the year just ended were $7,058,320.
a. What is the receivables turnover?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What is the days' sales in receivables?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
c. How long did it take, on average, for credit customers to pay off their accounts during the past year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[a. Receivables turnover,,times],[b. Days' sales in receivables,,days],[c. Average collection period,,days]]
 Problem 3-3 Calculating the Average Collection Period [LO 2] Dahlia Corporation

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