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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