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ACC501 - Business Finance

Question(s) similar to the following:

During 2005 a merchandize sales company had cash sales of $56.25 million, which were 15% of the total sales. During this period accounts receivables of the company were13% of total sales. What was the average collection period of the company during 2005?

Question 1: During 2005 a merchandize sales company had cash sales of $56.25 million, which were 15% of the total sales. During this period accounts receivables of the company were13% of total sales. What was the average collection period of the company during 2005?

62 days
18 days
56 days
19 days

Similar Questions:

Question 2: During 2005 a merchandize sales company had cash sales of $56.25 million, which were 15% of the total sales. During this period accounts receivables of the company were13% of total sales. What was the average collection period of the company during 2005?

62 days
18 days
56 days
19 days
Quizzes of ACC501 - Business Finance
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