Question
Sales Revenue is $1,000,000, Earnings Before Interest and Taxes is $400,000, and Earnings After Interest and Taxes is $300,000. Accounts Receivable is $50,000. The Average
Sales Revenue is $1,000,000, Earnings Before Interest and Taxes is $400,000, and Earnings After Interest and Taxes is $300,000. Accounts Receivable is $50,000. The Average Collection Period is (assume a 365 day year):
| a. | 20.00 | |
| b. | 18.25 | |
| c. | 8.00 | |
| d. | 45.625 |
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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
