dit terms of net 30. Its accounts are, on average, 7 days past due. Annual credit sales are $9.6 million. What is the company’s balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
dit terms of net 30. Its accounts are, on average, 7 days past due. Annual credit sales are $9.6 million. What is the company’s balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Paa Ko Corporation sells on credit terms of net 30. Its accounts are, on average, 7 days past due. Annual credit sales are $9.6 million. What is the company’s |
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