If net credit sales for a given year are $600,000 and the average accounts receivable is $60,000, what is the average days to collect receivables?
A. 10
B. 60
C. 31
D. 36.5
Answer:D
If net credit sales for a given year are $600,000 and the average accounts receivable is $60,000, what is the average days to collect receivables?
A. 10 B. 60 C. 31 D. 36.5