Flo's Flowers has accounts receivable of $4,511, inventory of $1,810 sales of $138,609, and cost of goods sold of $64,003. 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) 22.20 days b) 18.67 days c) 11.88 days d) 14.50 days e) 16.23 days
Flo's Flowers has accounts receivable of $4,511, inventory of $1,810 sales of $138,609, and cost of goods sold of $64,003. 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) 22.20 days b) 18.67 days c) 11.88 days d) 14.50 days e) 16.23 days
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8PA: The following select financial statement information from Candid Photography. Compute the accounts...
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