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n the currentyear, Tundum Corporation reports Sales of$1,000,000 and average Accounts Receivable of$200,000. In addition the corporation reports Total Current Assets of$250,000 and Total Current
n the currentyear, Tundum Corporation reports Sales of$1,000,000 and average Accounts Receivable of$200,000. In addition the
corporation reports Total Current Assets of$250,000 and Total Current Liabilities of$200,000. Which of the following is not true?
A.
Working Capital= $800,000(sales -A/R)
B.
The Current Ratio is 1.25
C.
Accounts Receivable Turnover is 5 turns per year
D.
Days to collectA/R = 73 days
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