Average does it take firm to collect its accounts receivable

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Reference no: EM131309659

ABC Company has annual sales of $133,661 and cost of goods sold of $77,478. The average accounts receivable balance is $11,372. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?

Assume 365 days.

Enter your answer rounded off to two decimal points

Reference no: EM131309659

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Average does it take firm to collect its accounts receivable : ABC Company has annual sales of $133,661 and cost of goods sold of $77,478. The average accounts receivable balance is $11,372. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?

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