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

What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Ratios: Average Collection Period (Days Sales Outstanding) concept. You can view video lessons to learn Ratios: Average Collection Period (Days Sales Outstanding). Or if you need more Ratios: Average Collection Period (Days Sales Outstanding) practice, you can also practice Ratios: Average Collection Period (Days Sales Outstanding) practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofConsider the following financial data for Steve’s Pool Suppl...as low difficulty.

What professor is this problem relevant for?

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