Average collection period for accounts receivable, Accounting Basics

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Average collection period for accounts receivable

The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?

36.5

60.8

96.1

48.7

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Accounting Basics: Average collection period for accounts receivable

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Recent Questions Asked Accounting Basics

Q : Performance measure critique

Q : Computing the allowance for doubtful accounts

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Q : Challenges to communicating with groups

Q : Average collection period for accounts receivable

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Q : Important external environmental factor

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Q : In relating operations management and the customer benefit

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Average collection period for accounts receivable

Reference No:- TGS0511486

Recent Questions Asked Accounting Basics

Q : Performance measure critique

Q : Computing the allowance for doubtful accounts

Q : How firms raise capital

Q : Challenges to communicating with groups

Q : Average collection period for accounts receivable

Q : Find out the output to produce and to charge

Q : Important external environmental factor

Q : Influence of organizational functions

Q : In relating operations management and the customer benefit

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