compute the average collection period days sales in a r use a 360 day year or 30 day month round average collection period to 1 decimal place
The following information is available for Edmiston Company.
|
Beginning accounts receivable |
$70,000 |
|
|
Ending accounts receivable |
110,000 |
|
|
Net sales |
960,000 |
Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month. (Round average collection period to 1 decimal place)
