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

question 52

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


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