Problem: Consider the following financial data for Steve’s Pool Supply: Calculate Steve’s average collection period for accounts receivable. a. 125.5 days b. 50.2 days c. 0.3 days d. 69.1 days e. 98.7 days

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Problem Details

Consider the following financial data for Steve’s Pool Supply:

Calculate Steve’s average collection period for accounts receivable.

a. 125.5 days

b. 50.2 days

c. 0.3 days

d. 69.1 days

e. 98.7 days

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Based on our data, we think this problem is relevant for Professor Little's class at UA.