Multiple Choice
Peterboro Supply has a current accounts receivable balance of $391,648.Credit sales for the year just ended were $5,338,411.How long did it take on average for credit customers to pay off their accounts during the past year?
A) 24.78 days
B) 26.78 days
C) 29.09 days
D) 31.15 days
E) 33.33 days
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: Martha's Fabric House has sales of $137,200,total
Q48: The Saw Mill has a return on
Q49: The Blue Lagoon has a return on
Q50: Fried Foods has sales of $238,900,total assets
Q51: Western Hardwood Sales has total equity of
Q53: Joshua's Antiques has a total asset turnover
Q54: A firm has net income of $114,000,a
Q55: Which one of the following actions will
Q56: Baugh & Essary has net income of
Q57: Assume this is your first day on