Knight roundtable co has annual credit sales of 1080000 and


Knight Roundtable Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2008. Assume a 360-day year. What is the company’s average accounts receivable balance? Account receivable are equal to the average daily credit sales times the average collection period.

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Financial Management: Knight roundtable co has annual credit sales of 1080000 and
Reference No:- TGS01703345

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