Multiple Choice
During the year Snedicker reported net sales of $1,920,000.The company had accounts receivable of $150.000,000 at the beginning of the year and $240,000 at the end of the year Compute Snedicker's average collection period assume 365 days a year. )
A) 28.5 days
B) 45.7 days.
C) 37.1days.
D) 74.2 days.
Correct Answer:
Verified
Correct Answer:
Verified
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