Average Collection Period - What Is It, Formula, Calculator
Average Collection Period - What Is It, Formula, Calculator
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b. If the firm had 1,620,000 in credit sales over the four-month period, compute the average collection period. Average daily credit sales should be based on a 120-day period.c. If the firm likes to see its bills collected in 45 days, should it be satisfied with the average collection period?O Yes O No d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied?Route Canal Shipping Company has the following schedule for aging
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