Question: Question 4 Given the following information: Days Inventory 35 Days Receivables 20 Days Payables 10 Opening Inventory $40,000 Opening Receivables $20,000 Opening Payables $15,000 Cost

Question 4

  1. Given the following information:

    Days Inventory 35

    Days Receivables 20

    Days Payables 10

    Opening Inventory $40,000

    Opening Receivables $20,000

    Opening Payables $15,000

    Cost of Goods Sold (COGS) $450,000

    What is the closing accounts receivable balance?

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