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The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year. If the company's net sales revenue during the fourth year was $898,000, what
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The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year. If the company's net sales revenue during the fourth year was $898,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)

User Blaze
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1 Answer

3 votes

Answer:

28.06

Step-by-step explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

User Xhino
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3.0k points
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