Stealth Company\'s 2013 average collection period is: 109 days. 128 days. 104 da
ID: 2376439 • Letter: S
Question
Stealth Company's 2013 average collection period is: 109 days. 128 days. 104 days. 73 days.
Stealth Company's 2013 average collection period is: 109 days. 128 days. 104 days. 73 days.
Stealth Company's 2013 average collection period is: 109 days. 128 days. 104 days. 73 days.
109 days. 128 days. 104 days. 73 days.
109 days. 128 days. 104 days. 73 days.
Excerpts from Stealth Company's December 31, 2013 and 2012, financial statements are presented below: Stealth Company's 2013 average collection period is:
Explanation / Answer
avearge collection period = 365 * average account recievables /sales
average account recievables = account recibales of 2012 + 2013/2