A firm has $42,900 in receivables and $211,800 in total assets. The total asset turnover rate is

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A firm has $42,900 in receivables and $211,800 in total assets. The total asset turnover rate is 1.45 and the profit margin is 4.2 percent. How long on average does it take the firm to collect its receivables?

7.16 days
9.45 days
11.68 days
31.25 days
50.99 days

Related Book For answer-question

Basic Business Statistics Concepts and Applications

ISBN: 978-0132168380

12th edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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Posted Date: Jan 08, 2021 08:50 AM

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A firm has $42,900 in receivables and $211,800 in total assets. The total asset turnover rate is

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Basic Business Statistics Concepts and Applications

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