Homework Answers
Days Accounts Receivable = 365 * Accounts Receivables /
Revenue
Days Accounts Receivable = 365 * $9,385,056.88 /
$60,025,769.22
Days Accounts Receivable = 57.07 days
Days Accounts Payable = 365 * Accounts Payable / Direct
Costs
Days Accounts Payable = 365 * $5,191,671.09 / $54,209,800.44
Days Accounts Payable = 34.96 days
Collection Period Variance = Days Accounts Payable - Days
Accounts Receivable
Collection Period Variance = 34.96 days - 57.07 days
Collection Period Variance = -22.11 days
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i need help plz.
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e.g. 15.1.)
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