Ex 6.class
Ex 6.class
Completion requirements
Credit
sales for the year just ended $50,000, and the cost of goods sold was $30,000
Determine: How long does it take Slowpay to collect on its receivables ?
Opened: Saturday, 18 January 2020, 12:00 AM
Due: Saturday, 25 January 2020, 12:00 AM
Ex: Praha Company showed the following components of working capital last year
|
Begining |
End of year |
|
|
Accounts receivable |
$ 25,000 |
$ 23,000 |
|
Inventory |
13,000 |
12,500 |
|
Accounts payable |
14,000 |
16,500 |
Determine: How long does it take Slowpay to collect on its receivables ?