Question
Not sure where I'm going wrong on this one. Any help is appreciated. Thx! The following information relates to RAM Corporation: Accounts receivable$160,000 Total credit
Not sure where I'm going wrong on this one. Any help is appreciated. Thx!
The following information relates to RAM Corporation:
Accounts receivable$160,000
Total credit sales$2,500,000
Accounts payable$220,000
What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.
23.04 days
21.56 days
15.62 days
22.50 days
160.00 days
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
