What is company average collection period ratio

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Reference no: EM131652808

1. Aspens Technologies Inc. Sales revenue is 6,598,471, and it's cost of good sold is 3,125,055. The company's total operating expenses are 2,771,358. Aspen technologies Inc.gross profit margin is:

2. Fiona is reviewing her company's financial statements and sees that her company's credit sales for the year are 2,076,134. The company's accounts receivable balance is 289,963. It's purchases during this year were 1,067,543. It's accounts payable balance is 114,053. What is Fiona's company's average collection period ratio?

Reference no: EM131652808

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