(Answered) Inventory and collect payment on the sale

Management Studies

Problem: Home Systems has sales of $312,800, cost of goods sold of $218,400, inventory of $46,300, and accounts receivable of $62,700.

Required:

Question: How many days on average, does it take the firm to both sell its inventory and collect payment on the sale? Explain your answers and provides examples.

A. 142.10

B. 96.37

C. 178.21

D. 150.54

E. 124.03

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Business Management, Management Studies

Category:- Business Management
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