Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How many days on average did it take for credit customers to pay off their accounts during this past year?
A) 44.29 days
B) 55.01 days
C) 55.50 days
D) 36.95 days
E) 41.00 days

Question

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The Answer of Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How many days on average did it take for credit customers to pay off their accounts during this past year?
A) 44.29 days
B) 55.01 days
C) 55.50 days
D) 36.95 days
E) 41.00 days

Corner Supply Has a Current Accounts Receivable Balance of $246,000