University of Maryland Global Campus Average Collection Period Problem


Question Description

Need acceleration delay my Accounting investigation - I’m studying for my adjust.

The aftercited instruction is adapted for Edmiston Company.

Beginning accounts receivable

$70,000

Ending accounts receivable

110,000

Net sales

960,000


Compute the medium assemblage era (days sales in A/R). Use a 360 day year or 30 day month. (Round medium assemblage era to 1 decimal situate)