The recoverable amount of trade receivables is shown in the:

Group of answer choices

statement of changes in equity.

statement of cash flows. statement of financial position.

income statement.

The following information is available for Chancellor Company: - profit $3.600 million; - net cash provided by operating activities $1,250 million; - total expenses $2,500 million; - depreciation expense $350 million; - cash dividends $400 million; - capital expenditures $650 million; and - cash and cash equivalents $900 million. Chancellors cash to daily cash expenses ratio is calculated as:

Group of answer choices

$900 ($2,500 365)

$1,250 ($2,500 365)

$1,250 [($2,500 - $350) 365]

$900 [($2,500 - $350) 365]