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Burnside's has accounts receivable of $33,700, inventory of $54,200, sales of $364,200, and cost of goods sold of $193,400. How long to collect full payment
Burnside's has accounts receivable of $33,700, inventory of $54,200, sales of $364,200, and cost of goods sold of $193,400. How long to collect full payment on a sale? Burnside's has accounts receivable of $33,700, inventory of $54,200, sales of $364,200, and cost of goods sold of $193,400. How long to collect full payment on a sale? Assume 365 days per year when determining the Inventory Turnover and the A/R Turnover and assume rounding to full days. 88 days 154 days 136 days 126 days 163 days
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