The following data exists for Ivanhoe Company.
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2022. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)
|Accounts receivable turnover||times|
|Average collection period||days|
Note: Average collection period answer if intermediate values are are rounded to 1 decimal is 52.9 days
Get Answers For Free
Most questions answered within 1 hours.