Take for credit customers to pay off their accounts

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Reference no: EM13948644

The Home Supply Co. has a current accounts receivable balance of $280,000. Credit sales for the year just ended were $1,830,000. How many days on average did it take for credit customers to pay off their accounts during this past year? Please show all steps.

Reference no: EM13948644

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Take for credit customers to pay off their accounts : The Home Supply Co. has a current accounts receivable balance of $280,000. Credit sales for the year just ended were $1,830,000. How many days on average did it take for credit customers to pay off their accounts during this past year?

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