Business, 02.03.2020 19:09 elisakate8362

Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 Dec 31, 2021 Cash $ 47,000 $ 57,500 Accounts receivable (net) 65,000 86,000 Inventory 85,000 89,000 Plant assets (net) 227,000 252,000 Total assets 456,000 429,000 Liabilities 162,000 162,000 Shareholders' equity 294,000 267,000 Net sales 385,000 581,350 Cost of goods sold 237,000 314,000 Net income 37,000 59,000 Required: Compute the average collection period for 2021

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Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 Dec 31, 2021 Ca...