Question
Jamindas Holistic Healing has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640. How long on average does it take
Jamindas Holistic Healing has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.
Multiple Choice
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15.5 days
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33.01 days
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32.56 days
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8.63 days
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42.56 days
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
