Average collection period for accounts receivable


The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?

36.5

60.8

96.1

48.7

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Average collection period for accounts receivable
Reference No:- TGS0511486

Expected delivery within 24 Hours