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Accounts receivable, in last years balance sheet, was $342,000, as opposed to $413,000 in the...

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Question

Accounting

Accounts receivable, in last years balance sheet, was $342,000, as opposed to $413,000 in the current years financial statements. The net sales for the current year was $1,145,000. Calculate the account receivables average collection period for the current year.

Select one:

a.

122 days

b.

124 days

c.

123 days

d.

121 days

e.

120 days

Answer & Explanation Solved by verified expert
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