Question
Les' Motors has sales of $482,800, cost of goods sold of $297,400, inventory of $169,600, and accounts receivable of $52,900. How many days, on average,
Les' Motors has sales of $482,800, cost of goods sold of $297,400, inventory of $169,600, and accounts receivable of $52,900. How many days, on average, does it take the firm to sell its inventory and collect payment on that sale?
Multiple Choice
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185.20 days
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284.67 days
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265.27 days
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138.22 days
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248.14 days
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
