Marie's Clothing Store had an acounts receivable balance of $440,.000 at the beginning of the year and a year- end balance of $550.000, Net credit sales for the year totaled $2,200.000, The average collection period of the receivables was (Round any intermediary calculations to two decimal places and your final answer to the nearest day) OA 73 days OB. 9 days OC. 82 days OD. 91 days

Marie's Clothing Store had an acounts receivable balance of $440,.000 at the beginning of the year and a year- end balance of $550.000, Net credit sales for the year totaled $2,200.000, The average collection period of the receivables was (Round any intermediary calculations to two decimal places and your final answer to the nearest day) OA 73 days OB. 9 days OC. 82 days OD. 91 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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