Tech Wave Corporation reported total net credit sales of $750,000 for the year. The beginning accounts receivable balance was $80,000, and the ending $100,000. balance Calculate the accounts receivable turnover ratio. What is the average collection period in days?

Tech Wave Corporation reported total net credit sales of $750,000 for the year. The beginning accounts receivable balance was $80,000, and the ending $100,000. balance Calculate the accounts receivable turnover ratio. What is the average collection period in days?

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

Kindly help me with accounting questions

Tech Wave Corporation reported total net credit sales of
$750,000 for the year. The beginning accounts receivable
balance was $80,000, and the ending
$100,000.
balance
Calculate the accounts receivable turnover ratio.
What is the average collection period in days?

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