Wilson Industries had $300,000 in sales on account last year. The beginning accounts receivable balance was $25,000, and the ending accounts receivable balance was $31,000. What is the company's average collection period? a. 34.27 days b. 28.92 days c. 31.65 days d. 33.95 days

Wilson Industries had $300,000 in sales on account last year. The beginning accounts receivable balance was $25,000, and the ending accounts receivable balance was $31,000. What is the company's average collection period? a. 34.27 days b. 28.92 days c. 31.65 days d. 33.95 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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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Please give me answer general accounting question

Wilson Industries had $300,000 in sales on account last year. The beginning
accounts receivable balance was $25,000, and the ending accounts receivable
balance was $31,000. What is the company's average collection period?
a. 34.27 days
b. 28.92 days
c. 31.65 days
d. 33.95 days

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What is the company's average collection period on these general accounting question?