Question
Jen Industries had sales of $32 million this year and an average accounts receivable of $0.8 million per day. On average, how long does it
Jen Industries had sales of $32 million this year and an average accounts receivable of $0.8 million per day. On average, how long does it take to collect on its sales?
a.) 11 days
b.) 12 days
c.) 19 days
d.) 9 days
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
