The Villas Corporation's annual sales (all on credit) totaled $540,000 in 2016. The company's accounts receivable...

 

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The Villas Corporation's annual sales (all on credit) totaled $540,000 in 2016. The company's accounts receivable turnover ratio was 5. Villas' average accounts receivable collection period and year end accounts receivable balance respectively were: 365 days and $108,000. 73 days and $120,000 73 days and $108,000 81 days and $108,000 The Villas Corporation's annual sales (all on credit) totaled $540,000 in 2016. The company's accounts receivable turnover ratio was 5. Villas' average accounts receivable collection period and year end accounts receivable balance respectively were: 365 days and $108,000. 73 days and $120,000 73 days and $108,000 81 days and $108,000

Answer rating: 100% (QA)

Credit sales 540000 Accounts receivable turnover 5 Accounts rece... View the full answer