Abc company has annual sales of 183746 and cost of goods, Ask an Expert

Finance

ABC Company has annual sales of $183,746 and cost of goods sold of $55,324. The average accounts receivable balance is $43,873. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?

Assume 365 days.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92768214

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