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What is the firm's accounts receivables days? Infinity, Inc. had sales of $35 million in 2019 with a cost of goods sold of $20 million.
What is the firm's accounts receivables days?
Infinity, Inc. had sales of $35 million in 2019 with a cost of goods sold of $20 million. A simplified balance sheet for the firm appears below (amounts in $ million): Assets Cash Accounts Receivable Inventory Current Assets 1.6 4.2 3 8.8 Liabilities and Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 1.8 3.2 1.5 6.5 4 10.5 6.5 17 Net Property, Plant and Equipment 8.2 Total Assets 17 Step by Step Solution
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