Selected financial data for Link, Inc. follows: ($ in thousands)

-Assume a 365-day year for your calculations.The collection period in days,based on sales,at the end of 2012 is:
A) 24.3
B) 219.6
C) 35.7
D) 28.8
E) None of the above.

Question

Selected financial data for Link, Inc. follows: ($ in thousands)
 
-Assume a 365-day year for your calculations.The collection period in days,based on sales,at the end of 2012 is:
A) 24.3 
B) 219.6 
C) 35.7 
D) 28.8 
E) None of the above.

Quizplus · Accepted Answer

The Answer of Selected financial data for Link, Inc. follows: ($ in thousands)
 
-Assume a 365-day year for your calculations.The collection period in days,based on sales,at the end of 2012 is:
A) 24.3 
B) 219.6 
C) 35.7 
D) 28.8 
E) None of the above.

Selected Financial Data for Link, Inc