1. Based on the following information, days' cash held is closest to: • Revenues = $1,000 • Net income = $500 • CGS = $300 • Cash holdings = $150 • Total assets = $3,000 8.33 days 54.75 days

1. Based on the following information, days' cash held is closest to: • Revenues = $1,000 • Net income = $500 • CGS = $300 • Cash holdings = $150 • Total assets = $3,000 8.33 days 54.75 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. Based on the following information, days' cash held is closest to:
• Revenues = $1,000
• Net income = $500
CGS = $300
• Cash holdings = $150
• Total assets = $3,000
8.33 days
54.75 days
182.50 days
304.17 days

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