Guo Marketing has sales of 4 3 0 , 0 0 0 , cost of goods sold

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Question:

Guo Marketing has sales of

430, 000,

cost of goods sold of

124, 000,

inventory of

16, 000,

and accounts relievable of

42, 000 .

How many days, on average, does it take the firm to collect payment from bits customers?

Posted Date: May 11, 2024 03:49 AM

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Guo Marketing has sales of 4 3 0 , 0 0 0 , cost of goods sold

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Expert Answer:

To calculate the average collection period we use the formula Average Collection P... View the full answer

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