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Exploration 12.2d - Using the Information - Accounts Receivable Collection Period (01) Goal: Learn...

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Accounting

Exploration 12.2d - Using the Information - Accounts Receivable Collection Period (01)
Goal: Learn to calculate the accounts receivable collection period used in financial analysis.
Instructions: You are given several values that might appear on a financial statement. Use these to calculate the accounts receivable collection period, and determine whether the change in the ratio is favourable or unfavourable.
Correct Spelling is vital! Moodle is brutal! Consult the Chart of Accounts for help here.
If there are more than one debit or credit the account names must be in alphabetical order.
Do not include the $ sign in your answers.
Your answers must be correct to exactly 2 decimal places.
Do not include the, indicating thousands in your answers.
Date Column: Enter the date in the form MMM DD, e.g. January 3 would be entered as Jan 3
\table[[,2025,2024],[Sales,198,000,186,000],[,48,000,47,000],[,,2024],[Accounts Receivable,2025,77.79],[Rounded to 2 decimal places.,,],[Receivable Collection Period in Days,,]]
Assuming all other things are constant, the change in this ratio is Favourable (F), Unfavourable (U)?
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