Golden Corporation have the following information from its books: Sales P1,600,000 Credit sales 90% of Sales Cost of Sales 70% of Sales Average Collection Period 40 days Average Days Sales 30 days How much is the Average receivables ? P160,000

Golden Corporation have the following information from its books: Sales P1,600,000 Credit sales 90% of Sales Cost of Sales 70% of Sales Average Collection Period 40 days Average Days Sales 30 days How much is the Average receivables ? P160,000

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.4BE: Accounts receivable analysis A company reports the following: Sales 3,150,000 Average accounts...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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