Answered: Acompany has net sales of $1,340,000,…

Acompany has net sales of $1,340,000, beginning accounts receivable of $500,000, and ending accounts receivable of $650,000. How many days does it take the company to collect its accounts receivable?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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company has net sales of $1,340,000, beginning accounts receivable of $500,000, and ending accounts receivable of $650,000.
How many days does it take the company to collect its accounts receivable?

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