Multiple Choice
The Ward Company has provided the following information: • Net sales totaled $750,000.
• Beginning net accounts receivable was $65,000.
• Ending net accounts receivable was $85,000.
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What was Ward's average collection period? (Use 365 days a year)
A) 73.0 days.
B) 41.8 days.
C) 31.6 days.
D) 36.5 days.
Correct Answer:
Verified
Correct Answer:
Verified
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