The Perry Company reported Accounts Receivable,Net of $66,600 at the beginning of the year and $72,600 at the end of the year If the company's net sales revenue during the fourth year was $876,000,what are the days to collect during year? (Round all calculations to one decimal place.)

Question

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Days to collect = (Accounts receivable / Net sales revenue) * 365

Accounts receivable at the beginning of the year = $66,600
Accounts receivable at the end of the year = $72,600
Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable) / 2 = ($66,600 + $72,600) / 2 = $69,600

Net sales revenue = $876,000

Days to collect = ($69,600 / $876,000) * 365 = 29.0

The Perry Company Reported Accounts Receivable,Net of $66,600 at the Beginning