If the accounting period is one year with credit sales totaling $2,500,000 and accounts receivable totaling $200,000, what is the average collection period ratio?
A) 29.2 days
B) 365 days
C) 119.3 days
D) Cannot be determined from the information provided

Question

Quizplus · Accepted Answer

The Answer of If the accounting period is one year with credit sales totaling $2,500,000 and accounts receivable totaling $200,000, what is the average collection period ratio?
A) 29.2 days
B) 365 days
C) 119.3 days
D) Cannot be determined from the information provided

If the Accounting Period Is One Year with Credit Sales