Textile Macao has sales of $923,000, cost of goods sold of
$750,000, and accounts receivable of $100,000.
How long on average does it take the firm's customers to pay for
their purchases?
A. 9.23 days
B. 11.28 days
C. 25.01 days
D. 39.54 days
E. 45.33 days
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Textile Macao has sales of $923,000, cost of goods sold of $750,000, and accounts receivable of...
Textile Macao has sales of $923,000, cost of goods sold of $750,000, and accounts receivable of $100,000. How long on average does it take the firm's customers to pay for their purchases? A. 9.23 days B. 11.28 days C. 25.01 days D. 39.54 days E. 45.33 days
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