What is average age of this company''s accounts receivable

Reference no: EM132210756

Question - Accounts Receivable: Consider a company's Accounts Receivable (A/R) as of November 1. The outstanding A/R balance for October is $200,000; for September, $100,000; for August, $75,000; and for July, $50,000. As of November 1, therefore, the company's A/R total is $425,000. What is the average age of this company's Accounts Receivable?

Reference no: EM132210756

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