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.)

Relax

Respuesta :

Answer:

28.06

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.