Question
Consider the following information for the PVI Corporation: Credit Sales = 17,465 Cost of Goods Sold = 12,216 Accounts Receivable = 3,210 Accounts Payable =
Consider the following information for the PVI Corporation:
Credit Sales = 17,465
Cost of Goods Sold = 12,216
Accounts Receivable = 3,210
Accounts Payable = 2,230
How long does it take PVI to collect on its sales? How long does it take them to pay their suppliers?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
978-0136119463
