North Rustico Inc

question 94

Multiple Choice

North Rustico Inc.'s average collection period for accounts receivable is 5.5.If credit sales were $1,200,000 and ending accounts receivable were $200,000, what would be the opening accounts receivable balance?

• A)$100,000
• B)$200,000
• C)$218,181
• D)$236,363

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