1.

An analyst has obtained the following information about ABC, Inc.

Sales: $62,316 COGS = $24,156 Accounts Receivables = $25,340 Accounts Payable = $13,071 Inventory = $40,976 Assume 365 days.

What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?

An analyst has obtained the following information about ABC, Inc.

Sales: $62,316 COGS = $24,156 Accounts Receivables = $25,340 Accounts Payable = $13,071 Inventory = $40,976 Assume 365 days.

What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?

2.

Identify a SOURCE of cash:

(select only one alternative)

Group of answer choices

Long-term Debt is retired

Accounts Payable goes down

Accounts Receivable goes down

Dividends are paid

Inventory is purchased