From the Following Data for the Current Year, Compute the Average

question 52

Multiple Choice

From the following data for the current year, compute the average accounts receivable. ? $\begin{array}{lr}\text { Net sales on account during the year } & \$ 420,500 \\\text { Cost of merchandise sold during the year } & 362,000 \\\text { Accounts receivable at the beginning of the year } & 36,120 \\\text { Accounts receivable at the end of the year } & 33,200 \\\text { Inventory at the beginning of the year } & 63,000 \\\text { Inventory at the end of the year } & 92,000\end{array}$

• A) 31,140
• B) 28,250
• C) 34,660
• D) 25,200

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