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Techno Ltd. had accounts receivable balances as follows: • Beginning A/R: $380,000 Ending A/R: $430,000 Net credit sales for the year: $3,900,000 Calculate average collection period (round to nearest day).

Techno Ltd. had accounts receivable balances as follows: • Beginning A/R: $380,000 Ending A/R: $430,000 Net credit sales for the year: $3,900,000 Calculate average collection period (round to nearest day).

Managerial Accounting: The Cornerstone of Business Decision-Making
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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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Please provide the correct solution to this financial accounting question using valid principles.

Techno Ltd. had accounts receivable balances as follows: • Beginning A/R: $380,000 Ending A/R: $430,000 Net credit sales for the year: $3,900,000 Calculate average collection period (round to nearest day).
Transcribed Image Text:Techno Ltd. had accounts receivable balances as follows: • Beginning A/R: $380,000 Ending A/R: $430,000 Net credit sales for the year: $3,900,000 Calculate average collection period (round to nearest day).
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