Question
15. TCI Air Freight has sales of $625,000, costs of goods sold of $375,000, average accounts receivable of $30,820, and average accounts payable of $21,600.
15. TCI Air Freight has sales of $625,000, costs of goods sold of $375,000, average accounts receivable of $30,820, and average accounts payable of $21,600. How long does it take for the firm's credit customers to pay for their purchases? (Assume a 365-day year)
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Emotions In Finance Booms Busts And Uncertainty
Authors: Jocelyn Pixley
2nd Edition
1107633370, 978-1107633377
