Dowling's 2009 Average Collection Period Is

question 113

Multiple Choice

Dowling's 2009 average collection period is:

• A)50 days.
• B)63 days.
• C)57 days.
• D)51 days.Avg.collection period = 365 / (accounts receivable turnover) = 365 / (net sales / {avg A/R})
• = 365 / (115 /{20 + 16} /2) = 57.13 days

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