Blackwell Co.has credit sales of $317,428,costs of goods sold of $151,217,and average accounts receivable of $28,744.How long on average does it take the firm's credit customers to pay for their purchases?

Name: Blackwell Co.has credit sales of $317,428,costs of goods sold of $151,217,and average accounts receivable of $28,744.How long on average does it take the firm's credit customers to pay for their purchases?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Receivables period = 365 / ($317,428 / $28,744)= 33.05 days