Average collection period for accounts receivable?, Accounting Basics

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Average collection period for accounts receivable?

In 2010, Drew Gooden Company has net credit sales of $1,685,000 for the year. It had a beginning accounts receivable (net) balance of $101,800 and an ending accounts receivable (net) balance of $107,700. Compute Drew Gooden Company's (a) accounts receivable turnover and (b) average collection period in days.

accounts receivable turnover ratio?
Average collection period for accounts receivable?

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Accounting Basics: Average collection period for accounts receivable?

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Accounting Basics: Average collection period for accounts receivable?

Reference No:- TGS0706861

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explain a county enterprise fund

Q : Prepare the journal entry to record the replenishment

Q : What amount of deductions is bad dog allowed to claim

Q : What amount of interest expense may the franklins deduct

Q : Average collection period for accounts receivable?

Q : How we can recognize on the sale of the home

Q : Donnelly corporation manufactures and sells

Q : How much will each divisions income increase

Q : What is the variable cost per unit

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Average collection period for accounts receivable?

Reference No:- TGS0706861

Recent Questions Asked Accounting Basics

Q : Explain a county enterprise fund

Q : Prepare the journal entry to record the replenishment

Q : What amount of deductions is bad dog allowed to claim

Q : What amount of interest expense may the franklins deduct

Q : Average collection period for accounts receivable?

Q : How we can recognize on the sale of the home

Q : Donnelly corporation manufactures and sells

Q : How much will each divisions income increase

Q : What is the variable cost per unit

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