Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month. (Round average collection period to 1 decimal place)

Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month. (Round average collection period to 1 decimal place).

Need help with my Accounting question – I’m studying for my class.

The following information is available for Edmiston Company.

Beginning accounts receivable

$70,000

Ending accounts receivable

110,000

Net sales

960,000

Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month. (Round average collection period to 1 decimal place)

Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month. (Round average collection period to 1 decimal place)

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