The financial statements of Black Barn Company are given below. Note: The common shares are trading in the stock market for $40 each.
Refer to the financial statements of Black Barn Company. The firm's average collection period for 2009 is
A) 59.31.
B) 55.05.
C) 61.31.
D) 49.05.
E) None of the options are correct.

Question

The financial statements of Black Barn Company are given below.  Note: The common shares are trading in the stock market for $40 each.
Refer to the financial statements of Black Barn Company. The firm's average collection period for 2009 is
A) 59.31. 
B) 55.05. 
C) 61.31. 
D) 49.05. 
E) None of the options are correct.

Quizplus · Accepted Answer

The Answer of The financial statements of Black Barn Company are given below.  Note: The common shares are trading in the stock market for $40 each.
Refer to the financial statements of Black Barn Company. The firm's average collection period for 2009 is
A) 59.31. 
B) 55.05. 
C) 61.31. 
D) 49.05. 
E) None of the options are correct.

The Financial Statements of Black Barn Company Are Given Below