Excerpts from Huckabee Company 's December 31, 2021 and 2020, financial statements are presented below 2021 2020 Accounts receivable $ 84,600 $ 76,000 Merchandise inventory 62,000 76,000 Net sales 404,000 376,000 Cost of goods sold 244,000 244,000 Huckabee 's 2021 average collection period (rounded...

Answer 2021 average collection period 7256 days Explanati ...

Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts

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Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below:

	2021		2020
Accounts receivable	$	84,600	$	76,000
Merchandise inventory		62,000		76,000
Net sales		404,000		376,000
Cost of goods sold		244,000		244,000

Huckabee's 2021 average collection period (rounded) is:

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Fundamentals of Financial Accounting

ISBN: 978-1259864230

6th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Oct 17, 2020 11:50 AM

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Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts

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Fundamentals of Financial Accounting

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