Multiple Choice
The Flower Shoppe has accounts receivable of $3,506,inventory of $4,407,sales of $218,640,and cost of goods sold of $169,290.How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?
A) 14.67 days
B) 15.35 days
C) 16.23 days
D) 17.18 days
E) 17.47 days
Correct Answer:
Verified
Correct Answer:
Verified
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