In the table below the information for four companies is provided. $$\begin{array} { | l | c | c | }
\hline \text { Compary } & \begin{array} { c }
\text { Accounts Receivable } \
\text { turnover }
\end{array} & \text { Average collection period } \
\hline \text { Martin } & 13.9 & 26.3 \
\hline \text { Lewis } & 13.3 & 27.4 \
\hline \text { Danforth } & 10.4 & \mathbf { 3 5 . 1 } \
\hline \text { Gamer } & 14.5 & 25.2 \
\hline \text { Industry Average } & 13.0 & 28.1 \
\hline
\end{array}$$ If Garner's net credit sales are $290,000, what are its average net accounts receivable?
A) $11,508
B) $20,000
C) $42,050
D) $73,080

Question

In the table below the information for four companies is provided. $$\begin{array} { | l | c | c | } 
\hline \text { Compary } & \begin{array} { c } 
\text { Accounts Receivable } \
\text { turnover }
\end{array} & \text { Average collection period } \
\hline \text { Martin } & 13.9 & 26.3 \
\hline \text { Lewis } & 13.3 & 27.4 \
\hline \text { Danforth } & 10.4 & \mathbf { 3 5 . 1 } \
\hline \text { Gamer } & 14.5 & 25.2 \
\hline \text { Industry Average } & 13.0 & 28.1 \
\hline
\end{array}$$ If Garner's net credit sales are $290,000, what are its average net accounts receivable?
A) $11,508
B) $20,000
C) $42,050
D) $73,080

Quizplus · Accepted Answer

The Answer of In the table below the information for four companies is provided. $$\begin{array} { | l | c | c | } 
\hline \text { Compary } & \begin{array} { c } 
\text { Accounts Receivable } \
\text { turnover }
\end{array} & \text { Average collection period } \
\hline \text { Martin } & 13.9 & 26.3 \
\hline \text { Lewis } & 13.3 & 27.4 \
\hline \text { Danforth } & 10.4 & \mathbf { 3 5 . 1 } \
\hline \text { Gamer } & 14.5 & 25.2 \
\hline \text { Industry Average } & 13.0 & 28.1 \
\hline
\end{array}$$ If Garner's net credit sales are $290,000, what are its average net accounts receivable?
A) $11,508
B) $20,000
C) $42,050
D) $73,080

In the Table Below the Information for Four Companies Is