Blackwell Co. has credit sales of $317,428, costs of goods sold of $151,217, and average accounts receivable of $28,744. How long on average does it take the firm's credit customers to pay for their purchases?   Multiple Choice 33.05 days 27.99 days 31.37 days 29.95 days 38.23 days

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Blackwell Co. has credit sales of $317,428, costs of goods sold of $151,217, and average accounts receivable of $28,744. How long on average does it take the firm's credit customers to pay for their purchases?

 

Multiple Choice

33.05 days

27.99 days

31.37 days

29.95 days

38.23 days

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