Question
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average collection period Blue 14.35 25.15 Lewis 12.45 25.15 Danforth
In the table below the information for four companies is provided.
| Company | Accounts Receivable turnover | Average collection period |
|---|---|---|
| Blue | 14.35 | 25.15 |
| Lewis | 12.45 | 25.15 |
| Danforth | 11.05 | 34.70 |
| Ayayai | 14.00 | 27.70 |
| Industry Average | 12.25 | 27.00 |
If Ayayai's net credit sales are $532000, what are its average net accounts receivable?
$74480
$38000
$23142
$135622
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Sovereign Debt Crisis The New Normal And The Newly Poor
Authors: D. Chorafas
1st Edition
0230298400, 9780230298408
