Business
Business, 26.10.2021 21:40, 6lost6soul6

Using the information below, calculate the Average Collection Period/Average Days Sales in Receivables ratio. Account Name Amount
Net Sales $303,000
Wage Expense $37,000
Interest Expense $5,000
Cost of Goods Sold $164,000
Bad Debt Expense $28,000
Net Accounts Receivable at the beginning of the year: $45,000
Net Accounts Receivable at the end of the year: $85,000
Inventory at the beginning of the year: $73,000
Inventory at the end of the year: $90,000
a. $86,000
b. 80.107
c. 89.237
d. 224.745
e. 712.195
f. 118.088

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Answers: 3

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