Answered: Acompany has net sales of $1,340,000,…

Acompany has net sales of $1,340,000, beginning accounts receivable of $500,000, and ending accounts receivable of $650,000. How many days does it take the company to collect its accounts receivable?

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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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company has net sales of $1,340,000, beginning accounts receivable of $500,000, and ending accounts receivable of $650,000.
How many days does it take the company to collect its accounts receivable?

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