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The following information was extracted from the financial records of Ross Ltd for the year ended 30 June 2018: Cash Sales $50,000 Credit Sales $200,000
The following information was extracted from the financial records of Ross Ltd for the year ended 30 June 2018: Cash Sales $50,000 Credit Sales $200,000 Average Accounts receivable $25,000 Cost of Sales $30,000 If there are 365 trading days per year, calculate for the managing director the number of days that accounts receivable are outstanding at 30 June 2018. Select one: O a. 86 days O b. 114 days O c. 55 days O d. 51 days us O e. 46 days
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