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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