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What the company average collection period

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Question - In 2021 Bramble Co. had credit sales of $ 2110000 and sales returns and allowances related to these sales of $ 153000. Its comparative balance sheet at December 31, 2021 showed the following:

 

2021

2020

Accounts receivable

$837000

$672000

Less: Allowance for doubtful accounts

73000

70000

Carrying amount

$764000

$602000

Required - What the company average collection period for 2021?

a. 116 days.

b. 127 days.

c. 131 days.

d. 141 days.

Reference no: EM133065452

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