Abc company has annual sales of 180043 and cost of goods, Financial Management

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Abc company has annual sales of 180043 and cost of goods

ABC Company has annual sales of $180,043 and cost of goods sold of $44,437. The average accounts receivable balance is $13,627. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period? Assume 365 days.

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Financial Management: Abc company has annual sales of 180043 and cost of goods

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Financial Management: Abc company has annual sales of 180043 and cost of goods

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