I need help The financial statements of the Pina Colada Corp.report net sales of $408000 and accountsreceivable of $60000 and $31200 at the beginningof the year and the end of the year, respectively.What is the average collection period for accountsreceivable in days? (Use 365 days for calculation.)O 30.6O 40.8O 50.9O 81.3

Accounts Receivable is the amount of money the company will get by way of credit sales.

The financial statements of the Pina Colada Co report net sales of $408000 and accounts receivable of $60000 and $31200 at the begin of the year and the end of the year, respectively What is the average collection period for accou Oceivablo in davc2 /L ce 265dave forcalculation

The financial statements of the Pina Colada Co report net sales of $408000 and accounts receivable of $60000 and $31200 at the begin of the year and the end of the year, respectively What is the average collection period for accou Oceivablo in davc2 /L ce 265dave forcalculation

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Question

I need help

The financial statements of the Pina Colada Corp.
report net sales of $408000 and accounts
receivable of $60000 and $31200 at the beginning
of the year and the end of the year, respectively.
What is the average collection period for accounts
receivable in days? (Use 365 days for calculation.)
O 30.6
O 40.8
O 50.9
O 81.3

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