Solution-What is reds average collection period

What is reds average collection period

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Reference no: EM131796449

Red Company has the following information:

Net credit sales = $400,000

Net income = $100,000

Average total assets = $80,000

Average accounts receivable = $20,000

What is Red's average collection period (rounded to the nearest whole day)?

Reference no: EM131796449

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What is reds average collection period

Reference no: EM131796449

Reference no: EM131796449

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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