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Credit sales for a business were 194,000 and cost of sales was 156,000. Average trade receivables throughout the year were 16,000. The receivables (debt)
Credit sales for a business were 194,000 and cost of sales was 156,000. Average trade receivables throughout the year were 16,000. The receivables (debt) collection period (or receivables days) was (to nearest day)? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 24 days b 30 days C 37 days d 12 days
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