At the beginning of the year, Green Valley Company had accounts receivable of $93,600. The company's total sales for the year amounted to $1,216,800. How many days did it take Green Valley to collect its average level of receivables? a. 42 days b. 28 days c. 32 days d. 35 days

At the beginning of the year, Green Valley Company had accounts receivable of $93,600. The company's total sales for the year amounted to $1,216,800. How many days did it take Green Valley to collect its average level of receivables? a. 42 days b. 28 days c. 32 days d. 35 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Financial accounting question

At the beginning of the year, Green Valley Company
had accounts receivable of $93,600. The company's
total sales for the year amounted to $1,216,800. How
many days did it take Green Valley to collect its average
level of receivables?
a. 42 days
b. 28 days
c. 32 days
d. 35 days

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