Question
Blackwell Co. has credit sales of $317,428, costs of goods sold of $151,217, and average accounts receivable of $28,744. How long on average does it
Blackwell Co. has credit sales of $317,428, costs of goods sold of $151,217, and average accounts receivable of $28,744. How long on average does it take the firm's credit customers to pay for their purchases?
Multiple Choice
33.05 days
27.99 days
31.37 days
29.95 days
38.23 days
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
