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1.For the company of Mr. Hapal Moe, the average age of accounts receivable is 30 days, the average age of accounts payable is 50 days,
1.For the company of Mr. Hapal Moe, the average age of accounts receivable is 30 days, the average age of accounts payable is 50 days, and the average age of inventory is 40 days. Assume a 360-day year. If Mr. Moe's annual sales are P900,000, what is the firm's average accounts receivable balance?
Group of answer choices
P62,500
P100,000
P125,000
P75,000
2.Even if the company changes its investment policy relative to its risk, both the cost of debt and cost of equity will not change.
Group of answer choices
True
False
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