Using the following information and a 360-day year, what is your estimate of the firm's current receivables period? Current inventory = $170,000. Annual sales = $700,000. Accounts receivable = $75,000. Accounts payable = $16,500. Total annual purchases = $220,000. Purchases credit terms: net 30 days. Receivables credit terms: net 50 days. " Group of answer choices 39 days 29 days 35 days 45 days
Using the following information and a 360-day year, what is your estimate of the firm's current receivables period? Current inventory = $170,000. Annual sales = $700,000. Accounts receivable = $75,000. Accounts payable = $16,500. Total annual purchases = $220,000. Purchases credit terms: net 30 days. Receivables credit terms: net 50 days. " Group of answer choices 39 days 29 days 35 days 45 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
Section: Chapter Questions
Problem 1PS
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Using the following information and a 360-day year, what is your estimate of the firm's current receivables period? Current inventory = $170,000. Annual sales = $700,000. Accounts receivable = $75,000. Accounts payable = $16,500. Total annual purchases = $220,000. Purchases credit terms: net 30 days. Receivables credit terms: net 50 days. "
Group of answer choices
39 days
29 days
35 days
45 days
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