Potaw Company reported the following data at the end of 2019:
- The average number of days to collect receivables during 2019 is closest to: (Assume 365 days in a year. )
A)16.2.
B)14.3.
C)36.5.
D)21.9.

Question

Potaw Company reported the following data at the end of 2019: 
- The average number of days to collect receivables during 2019 is closest to: (Assume 365 days in a year. )
A)16.2. 
B)14.3. 
C)36.5. 
D)21.9.

Quizplus · Accepted Answer

The average number of days to collect receivables is calculated using the formula: (365 days / Receivables Turnover Ratio). The correct choice is based on the given data and calculations.

Potaw Company Reported the Following Data at the End of 2019