Question
Lazy O Corporation Selected Financial Data Current assets $85,000 Current liabilities 70,000 Accounts receivable 35,000 Inventories 40,000 Accounts payable 25,000 Net sales 425,000 Cost of
Lazy O Corporation Selected Financial Data
Current assets $85,000
Current liabilities 70,000
Accounts receivable 35,000
Inventories 40,000
Accounts payable 25,000
Net sales 425,000
Cost of goods sold 258,000
Lazy O's average collection period is:
|
| 12 days |
|
| 4 days |
|
| 30 days |
|
| 24 days |
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
