Question: use balance sheet to answer question above Using the financial statements prepared in part k, determine approximately how many days on average an account receivable

use balance sheet to answer question above

Using the financial statements prepared in part k, determine approximately how many days on average an account receivable remains outstanding before it is collected. You may assume that the company's ending accounts receivable balance on December 31 is a close approximation of its average accounts receivable balance throughout the year. 4 k. (continued) MUSIC-IS-US Balance Sheet As of December 31, 2018 Using the financial statements prepared in part k, determine approximately how many days on average an account receivable remains outstanding before it is collected. You may assume that the company's ending accounts receivable balance on December 31 is a close approximation of its average accounts receivable balance throughout the year. 4 k. (continued) MUSIC-IS-US Balance Sheet As of December 31, 2018

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