Oral Roberts Dental Supplies has annual sales of $8,940,000. Sixty percent are on credit. The firm has $923,800 in accounts receivable. Compute the value of the average collection period. Note: Do not round intermediate calculations. Use a 360-day year. Answer is complete but not entirely correct. 37 days Average collection period i

Oral Roberts Dental Supplies has annual sales of $8,940,000. Sixty percent are on credit. The firm has $923,800 in accounts receivable. Compute the value of the average collection period. Note: Do not round intermediate calculations. Use a 360-day year. Answer is complete but not entirely correct. 37 days Average collection period i

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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