Ans general Accounting Pacific Industries reports net sales of $800,000 andaccounts receivable of $120,000 and $80,000 at thebeginning and end of the year, respectively. Calculate theaverage collection period for accounts receivable in days.

Step 1: Define Average Collection Period (Days Sales Outstanding - DSO)The Average Collection Period…

Answered: Pacific Industries reports net sales of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Pacific Industries reports net sales of $800,000 and accounts receivable of $120,000 and $80,000 at the beginning and end of the year, respectively. Calculate the average collection period for accounts receivable in days.