Mathematics, 25.10.2019 02:43, bakerj8395

Blaney clothing store had a balance in the accounts receivable account of $437,500 at the beginning of the year and a balance of $500,000 at the end of the year. net credit sales during the year amounted to $3,000,000. the average collection period of the receivables in terms of days was a : 365 days. b : 60.1 days. c : 57 days. d : 53.2 days.

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Blaney clothing store had a balance in the accounts receivable account of $437,500 at the beginning...