Question: I corpse Day sales and receivables is 2 8 . The industry average stays sales and receivables is 3 6 . Which of the following

I corpse Day sales and receivables is

28 .

The industry average stays sales and receivables is

36 .

Which of the following is correct? It takes an average of

28

days for the friend to collect cash sales. B the firm sells its entire inventory every

28

days. C other firms in the industry collect sales at a mich faster rate than the firm. D the firm is not as effective as an average firm in the industry in managing its assets

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