Multiple Choice
Use the following information for questions
The financial statements of Andreo Manufacturing Inc.report credit sales of $600,000 and accounts receivable of $60,000 and $40,000 at the beginning of the year and end of the year, respectively.
-What is the average collection period for accounts receivable in days (rounded) ?
A) 16
B) 30
C) 32
D) 49
Correct Answer:
Verified
Correct Answer:
Verified
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