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Westkost [7]
3 years ago
7

The Perry Company reported Accounts Receivable, Net of $65,800 at the beginning of the year and $73,000 at the end of the year.

If the company's net sales revenue during the fourth year was $884,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)
Business
1 answer:
VikaD [51]3 years ago
4 0

Answer:

28.6 days

Explanation:

Avg Receivables= Beg Receivables + Ending Receivables /2

=65,800+73,000/2

=$138,800/2

=$69,400

Receivable turn over= Net Sales/ Avg Receivables

=884,000/69,400

=12.74

days to collect during year= 365/ Receivable turn over =365/12.7

=28.6 days

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2 years ago
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5 0
1 year ago
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zvonat [6]

Answer:

False

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3 years ago
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Answer:

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