Kirk Furniture Company had net Accounts Receivable of $770,000 at the beginning of the year and $935,000 at the end of the year. Net Sales Revenue for 2010 was $6,520,000. What are the days to collect from customers?

Kirk Furniture Company had net Accounts Receivable of $770,000 at the beginning of the year and $935,000 at the end of the year. Net Sales Revenue for 2010 was $6,520,000. What are the days to collect from customers?

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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Question

What are the day to collect from customer?

Kirk Furniture Company had net Accounts Receivable
of $770,000 at the beginning of the year and $935,000 at
the end of the year. Net Sales Revenue for 2010 was
$6,520,000. What are the days to collect from customers?

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