Multiple Choice
North Rustico Inc.'s average collection period for accounts receivable is 5.5.If credit sales were $1,200,000 and ending accounts receivable were $200,000, what would be the opening accounts receivable balance?
A) $100,000
B) $200,000
C) $218,181
D) $236,363
Correct Answer:
Verified
Correct Answer:
Verified
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