How to Calculate Net Receivables From the Balance Sheet | Sapling
How to Calculate Net Receivables From the Balance Sheet | Sapling
Jul 21, 2011
sapling.com
SOLVED: Marie's Clothing Store had an accounts receivable balance of 470,000 at the beginning of the year and a year-end balance of570,000. Net credit sales for the year totaled 3,800,000. The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)A. 50 DAYSB. 55 DAYSC. 5 DAYSD. 45 DAYS
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Answered: Inglewood industries has net sales of $936,600 and average net receivables of $223,000 for the which of the following statements is correct? year. (Round all… | bartleby
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