Question $6$

$2\mathrm{.}5$ pts

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Company $Z$ has accounts receivable of $$4,511,$ inventory of $$1,810,$ sales of $$138,609,$ and cost of goods sold of $$64,003.$ How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?

$11\mathrm{.}88$ days

$18\mathrm{.}67$ days

$22\mathrm{.}20$ days

$16\mathrm{.}23$ days

$14\mathrm{.}50$ days

Question $7$

$2\mathrm{.}5$ pts

Question $9$

$2\mathrm{.}5$ pts

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You have net income of $$161,000,$ a profit margin of $7\mathrm{.}6$ percent, and an accounts receivable balance of $$127,100.$ Assume that $66$ percent of sales are on credit. What is the day's sales in receivables?

$33\mathrm{.}18$ days

$36\mathrm{.}19$ days

$27\mathrm{.}56$ days

$21\mathrm{.}90$ days

$35\mathrm{.}04$ days

Question $10$

$2\mathrm{.}5p$

Question $9$

$2\mathrm{.}5$ pts

Click to open:

You have net income of $$161,000,$ a profit margin of $7\mathrm{.}6$ percent, and an accounts receivable balance of $$127,100.$ Assume that $66$ percent of sales are on credit. What is the day's sales in receivables?

$33\mathrm{.}18$ days

$36\mathrm{.}19$ days

$27\mathrm{.}56$ days

$21\mathrm{.}90$ days

$35\mathrm{.}04$ days

Question $10$

$2\mathrm{.}5p$