Mountain View Corp. had beginning accounts receivable of $425,000 and ending accounts receivable of $475,000. Net credit sales for the year were $3,650,000. What is the average collection period in days? (Assume 365 days in a year.) A. 89.7 days B. 45.2 days C. 65.3 days D. 44.8 days

Mountain View Corp. had beginning accounts receivable of $425,000 and ending accounts receivable of $475,000. Net credit sales for the year were $3,650,000. What is the average collection period in days? (Assume 365 days in a year.) A. 89.7 days B. 45.2 days C. 65.3 days D. 44.8 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Question

What is the average collection period in days on these financial accounting question?

Mountain View Corp. had beginning accounts receivable of $425,000 and
ending accounts receivable of $475,000. Net credit sales for the year were
$3,650,000. What is the average collection period in days? (Assume 365 days
in a year.)
A. 89.7 days
B. 45.2 days
C. 65.3 days
D. 44.8 days

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