Solution-Firm to collect its accounts receivable

Firm to collect its accounts receivable

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Reference no: EM131402105

ABC Company has annual sales of $460,319 and cost of goods sold of $198,600. The average accounts receivable balance is $119,858. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days.

Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box.

Reference no: EM131402105

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Firm to collect its accounts receivable : ABC Company has annual sales of $460,319 and cost of goods sold of $198,600. The average accounts receivable balance is $119,858. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days.

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Firm to collect its accounts receivable

Reference no: EM131402105

Reference no: EM131402105

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