The financial statements of melton manufacturing company

Reference no: EM13388555

The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?

36.5

60.8

96.1

48.7

Reference no: EM13388555

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