Grab Co. has a normal operating cycle of 60 days. The average age of inventory is 30 days. The annual credit sales of the company amounted to P1,800,000. What is the company’s average accounts receivable balance? (Use 360 day-year)
Grab Co. has a normal operating cycle of 60 days. The average age of inventory is 30 days. The annual credit sales of the company amounted to P1,800,000. What is the company’s average accounts receivable balance? (Use 360 day-year)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...
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Grab Co. has a normal operating cycle of 60 days. The average age of inventory is 30 days. The annual credit sales of the company amounted to P1,800,000. What is the company’s average accounts receivable balance? (Use 360 day-year)
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