The Financial Statements of the Melton Manufacturing Company Report Net

question 37

Multiple Choice

The financial statements of the Melton Manufacturing Company report net sales of $360,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and the end of the year, respectively.What is the average collection period for accounts receivable in days?

• A)81.1
• B)40.6
• C)50.7
• D)30.4

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Intestate

The state of dying without a will.

Surviving Spouse

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