Kitchen and Laundry and More Has Annual Credit Sales of $2,473,701

question 60

Multiple Choice

Kitchen and Laundry and More has annual credit sales of $2,473,701 and cost of goods sold of $1,838,207.The average accounts receivable balance is $56,736.How many days on average does it take the firm to collect its accounts receivable?

• A)8.94days
• B)9.27 days
• C)11.24 days
• D)10.47 days
• E)8.37 days

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