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

Sales: $60,740 COGS = $20,186 Accounts Receivables = $23,092 Accounts Payable = $24,696 Inventory = $38,160 Assume 365 days.

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

Enter your answer rounded off to two decimal points.

4. Identify a SOURCE of cash:

(select only one alternative)

Group of answer choices

Accounts Payable goes down

Accounts Receivablle goes up

Machinery is sold

Bank loan is repaid

Dividend is paid