How many days does it take on average for Fotoshop to collect cash from the customers who buy on on credit given the following data? Total sales: $1,000 Sales on Credit: 75% of total sales Accounts receivables at beginning of year: $200 Accounts receivables at the end of year: $300

How many days does it take on average for Fotoshop to collect cash from the customers who buy on on credit given the following data? Total sales: $1,000 Sales on Credit: 75% of total sales Accounts receivables at beginning of year: $200 Accounts receivables at the end of year: $300

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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Please provide answer the accounting question

How many days does it take on average for Fotoshop to
collect cash from the customers who buy on on credit given
the following data?
Total sales: $1,000
Sales on Credit: 75% of total sales
Accounts receivables at beginning of year: $200
Accounts receivables at the end of year: $300

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