Guo Marketing has sales of 430,000, cost of goods sold of 124,000, inventory of 16,000, and accounts recievable of 42,000. How many days, on average, does it take the firm to collect payment frombits customers? 35.7 days 102.4 days 74.7 days 10.2 days 37.4 days

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Guo Marketing has sales of 430, 000, cost of goods sold of 124,000, inventory of 16,000, and accounts
recievable of 42,000. How many days, on average, does it take the firm to collect payment frombits
customers? 35.7 days 102.4 days 74.7 days 10.2 days 37.4 days
Transcribed Image Text:Guo Marketing has sales of 430, 000, cost of goods sold of 124,000, inventory of 16,000, and accounts recievable of 42,000. How many days, on average, does it take the firm to collect payment frombits customers? 35.7 days 102.4 days 74.7 days 10.2 days 37.4 days
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