5. A company has an inventory of *1,80,000, debtors of 1,15,000 and an inventory turnover of 6....
Question:
5. A company has an inventory of *1,80,000, debtors of 1,15,000 and an inventory turnover of 6. The gross profit margin of the company is 10 per cent, and its credit sales are 20 per cent of the total sales. Calculate the average collection period. (Assume a 360-day year).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: