Question
Lucky Furniture Store has the following balances in its financial statements for the past financial year: Sales: R1 854 200; Cost of sales: R1 534
Lucky Furniture Store has the following balances in its financial statements for the past financial year: Sales: R1 854 200; Cost of sales: R1 534 200; Gross profit: R320 000; Inventory: R122 736; Receivables: R180 270; Cash: R245 472; Non-current assets: R1 448 594; and Total assets: R2 671 594. Assuming a 360-day year, the average collection period is _____ days.
a. 42
b. 49
c. 28
d. 35
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
