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Merlin891 Merlin891
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8 months ago

Rawe Corporation’s accounts receivable at the end of Year 2 was $329,000 and its accounts receivable at the end of Year 1 was $280,000. Sales, all on account, amounted to $1,350,000 in Year 2. The company’s average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 1.2 days

▸ 1.0 days

▸ 82.4 days

▸ 89.0 days
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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ydnam23ydnam23
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8 months ago
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