Walker clothing store had a balance in the accounts, Ask an Expert

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Walker Clothing Store had a balance in the Accounts Receivable account of $390,000 at the beginning of the year and a balance of $410,000 at the end of the year. Net credit sales during the year amounted to $2,000,000. The average collection period of the receivables in terms of days was:

a. 30 days.

b. 365 days.

c. 146 days.

d. 73 days

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947950

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