In the table below the information for four companies is provided. CompanyAccounts Receivable turnoverAverage collection...
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In the table below the information for four companies is provided. CompanyAccounts Receivable turnoverAverage collection period Martin13.9 26.3 Lewis13.3 27.4 Danforth10.4 35.1 Garner14.5 25.2 Industry Average13 28.1 If Garner's net credit sales are $435000, what are its average net accounts receivable? $17262 $30000 $63075 $109620
In the table below the information for four companies is provided.
CompanyAccounts Receivable turnoverAverage collection period
Martin13.9 26.3
Lewis13.3 27.4
Danforth10.4 35.1
Garner14.5 25.2
Industry Average13 28.1
If Garner's net credit sales are $435000, what are its average net accounts receivable?
$17262
$30000
$63075
$109620
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