Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000 in its accounts receivable during the year. What is its average collection period? * None of the choices 3.44 days 3.5 days O 3 days

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Aubrey Company that you
work for had credit sales of
P3,500,000 last year and on
average had P33,000 in its
accounts receivable during
the year. What is its average
collection period? *
None of the choices
3.44 days
3.5 days
O 3 days
Transcribed Image Text:Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000 in its accounts receivable during the year. What is its average collection period? * None of the choices 3.44 days 3.5 days O 3 days
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