MCQs > Finance & Management > Accounts Receivable > Compute the accounts receivable collection period if a company had $400,000 net credit sales and its accounts receivable balance was $30,000.

Accounts Receivable MCQs

Compute the accounts receivable collection period if a company had $400,000 net credit sales and its accounts receivable balance was $30,000.

Answer

Correct Answer: $30,000*365/$400,000

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

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