MC algo 20-6 Average Collection Period Silver Eyes, Incorporated, has an average collection period of 23.54 days and its average daily accounts receivable is $351,000. What are the company's annual credit sales assuming 365 days per year? Multiple Choice O O $8,262 540.00 $6,047153.78 $7,306,025.73 $5,442 438.40 $6,349 511.47 4

MC algo 20-6 Average Collection Period Silver Eyes, Incorporated, has an average collection period of 23.54 days and its average daily accounts receivable is $351,000. What are the company's annual credit sales assuming 365 days per year? Multiple Choice O O $8,262 540.00 $6,047153.78 $7,306,025.73 $5,442 438.40 $6,349 511.47 4

Intermediate Financial Management (MindTap Course List)

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ISBN:9781337395083

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Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 6P

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

MC algo 20-6 Average Collection Period
Silver Eyes, Incorporated, has an average collection period of 23.54 days and its average daily accounts
receivable is $351,000. What are the company's annual credit sales assuming 365 days per year?
Multiple Choice
$8,262 540.00
$6,047153.78
$7306,025.73
$5,442 438.40
$6,349 511.47
k

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