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Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35
Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35 days. Tauscher's sales are $4,309,028 and all sales are on credit. In addition, its cost of goods sold is 75% of sales. What is the firm's investment in accounts receivable?
a. $325,000
b. $375,000
c. $425,000
d. $500,000
e. $575,00
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