During its first year of operations, Fertig Company had credit sales of $3,000,000, of...
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During its first year of operations, Fertig Company had credit sales of $3,000,000, of which $400,000 remained uncollected at year- end. The credit manager estimates that $18,000 of these receivables will become uncollectible. The accounts receivable turnover is 10 times and average collection period is 36.5 days. Assume that average net accounts receivable were $300,000. Explain what these measures tell us. B I U T T T !!! ||| W bld M 3 99 = I T | A O Word(s)
During its first year of operations, Fertig Company had credit sales of $3,000,000, of which $400,000 remained uncollected at yearend, The credit manager estimates that $18,000 of these receivables will become uncollectible. The accounts recelvable turnover is 10 times and average collection period is 36.5 days. Assume that average net accounts receivable were 5300,000 . Explain what these measures tell us
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