Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000 in its accounts receivable during the year. What is its average collection period? * None of the choices 3.44 days 3.5 days O 3 days

Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000 in its accounts receivable during the year. What is its average collection period? * None of the choices 3.44 days 3.5 days O 3 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 6MC: Doer Company reports year-end credit sales in the amount of $390,000 and accounts receivable of...

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Question

Aubrey Company that you
work for had credit sales of
P3,500,000 last year and on
average had P33,000 in its
accounts receivable during
the year. What is its average
collection period? *
None of the choices
3.44 days
3.5 days
O 3 days

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