Amber Furniture Co. had net accounts receivable of $650,000 at the beginning of the year and $810,000 at year-end. Net Sales for the year were $5,750,000. How many days on average does it take to collect from customers?

Amber Furniture Co. had net accounts receivable of $650,000 at the beginning of the year and $810,000 at year-end. Net Sales for the year were $5,750,000. How many days on average does it take to collect from customers?

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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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Question

Please provide answer this general accounting question

Amber Furniture Co. had net accounts receivable of $650,000 at
the beginning of the year and $810,000 at year-end. Net Sales
for the year were $5,750,000. How many days on average does
it take to collect from customers?

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