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.
What was Ward's average collection period?
A) 73 days
B) 41.8 days
C) 31.6 days
D) 36.5 days
Correct Answer:
Verified
Correct Answer:
Verified
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