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What is average collection period for accounts receivable

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Question 1: The financial statements of Daye Manufacturing Company report net sales of $720,000 and accounts receivable of $70,000 and $90,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?

Question 2: March 25, 2020 is Nyepi, a special Hindu holiday which is celebrated only in Bali, Indonesia. Since Indonesia is the world's largest Muslim country (with over 200 Million Muslims), why is Nyepi celebrated there?

Reference no: EM132492480

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