Solved

A Company Has a Receivables Turnover of 16,a Cost of Goods

Question 24

Multiple Choice

A company has a receivables turnover of 16,a cost of goods sold of $8,000,and an average payables of $1,200.Calculate the collection period.

A) 22.81
B) 54.75
C) 31.25
D) 43.16
E) 25.64

Related Questions

Q19: What does a self-liquidating bank loan mean?<br>A)

Q20: The time the vendor gives us to

Q21: What is a danger in using only

Q22: Car-Quake Stereo plans to sell 500 bass

Q23: What would help track the use of

Q25: In one sense,holding cash is a waste

Q26: Firm X has an accounts payable period

Q27: What is a usual default rate when

Q28: Which of the following does not relate

Q29: The _ motive for holding cash is