Question: what is the average collection period for the table below? Sales revenue $ 160 comma 300 Less: Cost of goods sold 106 comma 200 Gross
what is the average collection period for the table below? Sales revenue $ 160 comma 300 Less: Cost of goods sold 106 comma 200 Gross profits $ 54 comma 100 Less: Operating expenses Selling expense $ 15 comma 900 General and administrative expenses 9 comma 900 Lease expense 980 Depreciation expense 9 comma 500 Total operating expense $ 36 comma 280 Operating profits $ 17 comma 820 Less: Interest expense 6 comma 300 Net profits before taxes $ 11 comma 520 Less: Taxes 4 comma 370 Net profits after taxes Modifying $ 7 comma 150 with double underline (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Zach Industries Balance Sheet December 31, 2022 Assets Cash $ 500 Marketable securities 1 comma 010 Accounts receivable 24 comma 600 Inventories 45 comma 100 Total current assets $ 71 comma 210 Land $ 26 comma 400 Buildings and equipment 90 comma 400 Less: Accumulated depreciation 37 comma 900 Net fixed assets $ 78 comma 900 Total assets Modifying $ 150 comma 110 with double underline (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Liabilities and Stockholders' Equity Accounts payable $ 22 comma 400 Notes payable 47 comma 400 Total current liabilities $ 69 comma 800 Long-term debt $ 22 comma 980 Common stock* $ 31 comma 200 Retained earnings $ 26 comma 130 Total liabilities and sto
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