Size of accounts receivable


The Graham Corporation has annual sales of $90 million. The average collection period is 70 days. What is Graham's average investment in accounts receivable as shown on the balance sheet?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Size of accounts receivable
Reference No:- TGS0676442

Now Priced at $15 (50% Discount)

Recommended (90%)

Rated (4.3/5)