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Rawe Corporations accounts receivable at the end of Year 2 was $329,000 and its accounts receivable ...

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Rawe Corporations accounts receivable at the end of Year 2 was $329,000 and its accounts receivable ...

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

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Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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Thanks for your help!!

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