Based on the following information, determine the average receivables (rounded to thousands of dollars) that were...
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Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: Net sales $575,000; Sale-to- cash conversion period = 57.1 days; Purchase-to-payment conversion period 76.8 days; and Cost of goods sold = $380,000. a. $90,000 b. $180,000 C. $121,000 d. $31,000 Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: Net sales $575,000; Sale-to- cash conversion period = 57.1 days; Purchase-to-payment conversion period 76.8 days; and Cost of goods sold = $380,000. a. $90,000 b. $180,000 C. $121,000 d. $31,000
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Given that sales 575 000 Sale to cash conuersion period 51 days Purch ase to p... View the full answer
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