Consider the following information (in millions) about ABK Company. Annual sales $1,217 Cost of goods sold $1,014 Inventories $167 Accounts receivables $445 Accounts payable $115 The average Collection Period is: a. 132 days b. 135 days c. 133 days d. None of the above

Consider the following information (in millions) about ABK Company. Annual sales $1,217 Cost of goods sold $1,014 Inventories $167 Accounts receivables $445 Accounts payable $115 The average Collection Period is: a. 132 days b. 135 days c. 133 days d. None of the above

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

Consider the following information solve the question general accounting

Consider the following information (in millions) about ABK Company.
Annual sales
$1,217
Cost of goods sold $1,014
Inventories
$167
Accounts receivables $445
Accounts payable
$115
The average Collection Period is:
a. 132 days
b. 135 days
c. 133 days
d. None of the above

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