Multiple Choice
Alda Ltd's accounts receivable for year ended 30 June 2019 was $150 000. Cost of goods sold was $382 500 and the gross margin was 15 per cent. All sales are made on credit. What was the number of days' sales in receivables?
A) 121.7 days
B) 143.1 days
C) 260.4 days
D) 301.4 days
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Which of the following could explain a
Q22: Which of the following could NOT lead
Q23: The following question relates to PQR, which
Q24: Which of the following could NOT explain
Q25: A company's current ratio is presently 2:1.
Q26: The financial records of Del Ltd reveal
Q27: Tomlin Ltd's accounts receivable for year ended
Q28: Which of the following could explain a
Q29: The following question relates to PQR, which
Q31: The financial records of Del Ltd reveal