honeycfa 当前离线
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Using a 365-day year, if a firm has net annual sales of $250,000 and average receivables of $150,000, what is its average collection period?
1.7 days.
46.5 days.
219.0 days.
Receivables turnover = $250,000 / $150,000 = 1.66667 Collection period = 365 / 1.66667 = 219 days
Receivables turnover = $250,000 / $150,000 = 1.66667
Collection period = 365 / 1.66667 = 219 days
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