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At the End of the Third Year,the Treadwell Tire Company

Question 103

Multiple Choice

At the end of the third year,the Treadwell Tire Company had accounts receivable of $66,600,and at the end of the fourth year,the company had accounts receivable of $72,600.If the company's net sales revenue during the fourth year were $876,000,the days to collect during year four was (Round all calculations to one decimal place. ) :


A) 12.6
B) 29.0
C) 8.0
D) 34.0

Correct Answer:

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