The financial statements of the Nash's Trading Post, LLC reports net sales of $300000 and accounts receivable of $48000 and $18000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (A) 50.3 (B) 40.2 (C)) 30.0 (D) 80.7

The financial statements of the Nash's Trading Post, LLC reports net sales of $300000 and accounts receivable of $48000 and $18000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (A) 50.3 (B) 40.2 (C)) 30.0 (D) 80.7

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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