Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 37 days. The firm's credit sales for 2018 were $56.6 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker's Tuxedos?
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Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 37 days. The firm's credit sales for 2018 were $56.6 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker's Tuxedos?
Answers (1)