Rawe Corporation's accounts receivable at the end of Year 2 was $347,000 and its accounts receivable at the end of Year 1 was $300,000. Sales, all on account, amounted to $1,407,000 in Year 2. The company's average collection period for Year 2 is: a. 83.9 days b. 77.8 days c. 4.4 days d. 90 days

Rawe Corporation's accounts receivable at the end of Year 2 was $347,000 and its accounts receivable at the end of Year 1 was $300,000. Sales, all on account, amounted to $1,407,000 in Year 2. The company's average collection period for Year 2 is: a. 83.9 days b. 77.8 days c. 4.4 days d. 90 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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Hi expart Provide solution these accounting question

Rawe Corporation's accounts receivable at the end of Year 2 was
$347,000 and its accounts receivable at the end of Year 1 was $300,000.
Sales, all on account, amounted to $1,407,000 in Year 2. The company's
average collection period for Year 2 is:
a. 83.9 days
b. 77.8 days
c. 4.4 days
d. 90 days

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