Modern LLC was established on December 2002. Till now they are working with a steady growth. One of the reasons is good working capital management. Given the data for the last year, opening account receivable RO 6500, closing account receivable RO 8900, net credit sales RO
Modern LLC was established on December 2002. Till now they are working with a steady growth. One of the reasons is good working capital management. Given the data for the last year, opening account receivable RO 6500, closing account receivable RO 8900, net credit sales RO
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
Section: Chapter Questions
Problem 1PS
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38. Modern LLC was established on December 2002. Till now they are working with a steady growth. One of the reasons is good working capital management. Given the data for the last year, opening account receivable RO 6500, closing account receivable RO 8900, net credit sales RO 25000. The average receivable collection period is __________.
a.
112.40 days
b.
114.20 days
c.
None of the options
d.
1616.42 days
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