Question
The following is an extract from the financial statements of MetsiLimited for the year ended 28February2021 2021 R Gross profit 400 000 Cost of sales
The following is an extract from the financial statements of MetsiLimited for the year ended 28February2021
2021
R
Gross profit
400 000
Cost of sales
800 000
Inventories
400 000
Trade receivables
600 000
The average debtors' collection period for the year ended 28 February 2021was determined tobe_____
- A.274 days
- B.170 days
- C.68 days
- D.182 days
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College Accounting Chapters 1- 15
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794767, 9781337794763
