Question

amazon average collection period for 2016 and 2017

amazon average collection period for 2016 and 2017

Homework Answers

Answer #1

2016

2017

Net sales

$ 135,987,000.00

$ 177,866,000.00

Beginning accounts receivables

$ 5,654,000.00

$ 8,339,000.00

Ending accounts receivables

$ 8,339,000.00

$ 13,164,000.00

Average accounts receivables

(Beginning accounts receivables+Ending accounts receivables)/2

$ 6,996,500.00

$ 10,751,500.00

Average collection period

(Average accounts receivables*365 days)/Net sales

                      18.78

                      22.06

days

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