A company has an accounts receivable balance of $600,000 and annual sales of $4,800,000. Calculate the average collection period (days sales outstanding). a. 35.25 days b. 45.63 days c. 45.00 days d. 54.75 days

A company has an accounts receivable balance of $600,000 and annual sales of $4,800,000. Calculate the average collection period (days sales outstanding). a. 35.25 days b. 45.63 days c. 45.00 days d. 54.75 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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Need help with this question solution general accounting

A company has an accounts receivable balance of $600,000 and
annual sales of $4,800,000. Calculate the average collection period
(days sales outstanding).
a. 35.25 days
b. 45.63 days
c. 45.00 days
d. 54.75 days

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