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What are its average net accounts receivable

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Reference no: EM131966835

Problem - In the table below the information for four companies is provided.

Company Accounts Receivable turnover Average collection period

Concord 13.95 26.45

Lewis 12.75 25.45

Danforth 11.80 35.25

Tamarisk 13.15 26.90

Industry Average 12.50 25.75

If Tamarisk's net credit sales are $716675, what are its average net accounts receivable?

$41762

$54500

$134120

$87575

Reference no: EM131966835

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