Benson Industrial Corp. reports net sales of $1,495,600 and accounts receivable of $85,000 at the beginning of the year and $81,000 at the end of the year. What is the average collection period for accounts receivable in days?

Benson Industrial Corp. reports net sales of $1,495,600 and accounts receivable of $85,000 at the beginning of the year and $81,000 at the end of the year. What is the average collection period for accounts receivable in 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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

What is the average collection period for accounts receivable in days of this financial accounting question?

Benson Industrial Corp. reports net sales of $1,495,600 and
accounts receivable of $85,000 at the beginning of the year and
$81,000 at the end of the year. What is the average collection
period for accounts receivable in days?

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