Author Question: A firm has accounts receivable of $150,000. During the year, total sales are $500,000, of which ... (Read 35 times)

cmoore54 · **on:** Apr 25, 2021

Question 1

________ ratios measure the efficiency with which assets are converted to sales or cash.
◦ Liquidity
◦ Activity
◦ Profitability
◦ Market
◦ Financing

Question 2

A firm has accounts receivable of $150,000. During the year, total sales are $500,000, of which $300,000 are cash sales. What is the average collection period?
◦ 109.5 days
◦ 182.5 days
◦ 273.8 days
◦ 486.7 days
◦ None of these

bimper21 · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 25% of students answer this correctly