Find the average collection period days in receivables. Revenue = $700,000 COGS = 75% of revenue Beginning receivables b
Posted: Thu Dec 23, 2021 9:01 am
Find the average collection period days in
receivables.
Revenue = $700,000
COGS = 75% of revenue
Beginning receivables balance = $50,000
Ending receivables balance = $54,000
Thank you.
receivables.
Revenue = $700,000
COGS = 75% of revenue
Beginning receivables balance = $50,000
Ending receivables balance = $54,000
Thank you.