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An analyst has obtained the following information about ABC, Inc. Sales: $75,947 COGS = $16,365 Accounts Receivables = $36,155 Accounts Payable = $16,386 Inventory =
An analyst has obtained the following information about ABC, Inc. Sales: $75,947 COGS = $16,365 Accounts Receivables = $36,155 Accounts Payable = $16,386 Inventory = $32,115 Assume 365 days. What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?
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