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What are the average net accounts receivable

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Reference no: EM132684891

In the table below the information for four companies is provided.

Company                Accounts Receivable turnover           Average collection period

Kingbird                         14.65                                                    25.20

Lewis                           13.95                                                     27.50

Danforth                        11.10                                                   32.85

Whispering Winds             13.95                                                   25.00

Industry Average                 13.35                                               27.20

Problem 1: If Whispering Winds's net credit sales are $767250, what are its average net accounts receivable?

Reference no: EM132684891

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