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Wyatt Oil has the following accounts on its books: Wyatt extends credit on terms of 1/15,net 30.
-The percentage of Wyatt's receivables that are current is closest to:
A)32.1%.
B)38.3%.
C)42.2%.
D)61.7%.

Question

Use the following information for the question(s)below.
Wyatt Oil has the following accounts on its books:  Wyatt extends credit on terms of 1/15,net 30.
-The percentage of Wyatt's receivables that are current is closest to:
A)32.1%. 
B)38.3%. 
C)42.2%. 
D)61.7%.

Quizplus · Accepted Answer

The percentage of current receivables is calculated as the proportion of current receivables to total receivables. Based on the given options, 61.7% is the closest percentage for current receivables.

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