Kanji Company had sales last year of $265 million, including cash sales of $25 million.

Question

If its average collection period was36 days, its ending accounts receivable balance is closest to. (Assume a365-day year.)

$26.1 million

$23.7 million

$7.4 million

$18.7 million

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

I agree with the given answers. Thanks

mohamed badawy · Answer

b...............................................................................................

Khaled Anwar · Answer

i think the answer is : Option ( B )

Mohammed Fathe Shaheem · Answer

23.7 million $.........................................................................................

Mir Mujtaba Ali · Answer

I would like to opt the answer as $23.7 million

Deleted user · Answer

The most valuable answer is $23.7 million

Wasi Rahman Sheikh · Answer

Correct answer is option B) <<<<<<<<<<<<

Muhammad Ramzan Tufail ACCA · Answer

23.7 is the Right Ans.

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Mark Angelo Damuag · Answer

The answer is $23.7 million.

Emad Mohammed said abdalla · Answer

>>>>>>>>>>>>>>>>>>>> $23.7 million