Average accounts receivable balance


Jenny's has annual sales of $367,200 and cost of goods sold of $198,600. the average accounts receivable balance is $16.400. how many days on average does it take the firm to collect its accounts receivable?

a- 16.08 days

b- 16.30 days

c- 17.27 days

d- 17.50 days

e- 18.33 days

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Accounting Basics: Average accounts receivable balance
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