Solution-Find the average collection period

Find the average collection period

Reference no: EM132483938

Question - The following information is available for Edmiston Company.

Beginning accounts receivable $70,000

Ending accounts receivable 110,000

Net sales 1,030,000

Required - Find 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)

Reference no: EM132483938

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Find the average collection period

Reference no: EM132483938

Reference no: EM132483938

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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