Marie's Clothing Store had an acounts receivable balance of $440,.000 at the beginning of the year and a year- end balance of $550.000, Net credit sales for the year totaled $2,200.000, The average collection period of the receivables was (Round any intermediary calculations to two decimal places and your final answer to the nearest day) OA 73 days OB. 9 days OC. 82 days OD. 91 days

Marie's Clothing Store had an acounts receivable balance of $440,.000 at the beginning of the year and a year- end balance of $550.000, Net credit sales for the year totaled $2,200.000, The average collection period of the receivables was (Round any intermediary calculations to two decimal places and your final answer to the nearest day) OA 73 days OB. 9 days OC. 82 days OD. 91 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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