Question: QUESTION 22 Based on the following information, determine the average receivables rounded to thousands of dollars) that were outstanding: Net sales - $575,000; Sale-to- cash

QUESTION 22 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 390,000 b. $180,000 c. $121,000 d. $31,000

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