The Ward Company has provided the following information: • Net sales totaled $750,000.
• Beginning net accounts receivable was $65,000.
• Ending net accounts receivable was $85,000.
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What was Ward's average collection period? (Use 365 days a year)
A)73.0 days.
B)41.8 days.
C)31.6 days.
D)36.5 days.

Question

Quizplus · Accepted Answer

The Answer of The Ward Company has provided the following information: • Net sales totaled $750,000.
• Beginning net accounts receivable was $65,000.
• Ending net accounts receivable was $85,000.
-
What was Ward's average collection period? (Use 365 days a year)
A)73.0 days.
B)41.8 days.
C)31.6 days.
D)36.5 days.

The Ward Company Has Provided the Following Information: • Net