Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in acc
Posted: Tue Jul 05, 2022 11:50 am
Oliveras Company had net credit sales during the year of$800,000 and cost of goods sold of $500,000. The balance inaccounts receivable at the beginning of the year was $100,000, andthe end of the year it was $150,000. What were the accountsreceivable turnover and the average collection period in days?
a.
7.3 and 64 days.
b.
4.0 and 91.3 days.
c.
6.4 and 57 days.
d.
8.0 and 45.6 days.
a.
7.3 and 64 days.
b.
4.0 and 91.3 days.
c.
6.4 and 57 days.
d.
8.0 and 45.6 days.