In the year 2020 LNG company had a net sale of RO19,800 million for the year of which RO17600 are credit sales. The company also had a beginning accounts receivable balance of RO 1213 million and an ending accounts receivable balance of RO 1177 million. What will be the average collection period in days: Select one: a. 14.72 days Ob. 16.57 days O c. 22.03 days O d. 24.8 days

In the year 2020 LNG company had a net sale of RO19,800 million for the year of which RO17600 are credit sales. The company also had a beginning accounts receivable balance of RO 1213 million and an ending accounts receivable balance of RO 1177 million. What will be the average collection period in days: Select one: a. 14.72 days Ob. 16.57 days O c. 22.03 days O d. 24.8 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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