Sally's Shoe Service has accounts receivables of $35,335, average sales per day of $500,000, and a cost of goods sold of $45,000. What is her average collection period?
A) 7.0 days
B) 7.8 days
C) 14.15 days
D) 25.79 days

Question

Quizplus · Accepted Answer

The Answer of Sally's Shoe Service has accounts receivables of $35,335, average sales per day of $500,000, and a cost of goods sold of $45,000. What is her average collection period?
A) 7.0 days
B) 7.8 days
C) 14.15 days
D) 25.79 days

Sally's Shoe Service Has Accounts Receivables of $35,335, Average Sales