Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts Receivable $58,000 Ending Net Accounts Receivable Sales Returns and Allowances $70,500 $125,000 What was Regal Enterprises' average collection period?

Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts Receivable $58,000 Ending Net Accounts Receivable Sales Returns and Allowances $70,500 $125,000 What was Regal Enterprises' average collection period?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

What was Regal Enterprises' average collection period?

Regal Enterprises has provided the following information:
Total Sales
$1,450,000
Beginning Net Accounts Receivable $58,000
Ending Net Accounts Receivable
Sales Returns and Allowances
$70,500
$125,000
What was Regal Enterprises' average collection period?

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