Crosland, Inc. has sales of $512,000, costs of goods sold of $345,000, average accounts receivable of $56,400, and average accounts payable of $45,900. How long does it take for Crosland's credit customers to pay for their purchases?
A) 27.12 days
B) 32.72 days
C) 40.21 days
D) 48.56 days
E) 59.67 days
Correct Answer:
Verified
Q70: A firm has an inventory turnover rate
Q202: Suppose that the inventory period is 50
Q203: Q204: Year Average Q206: Smathers, Inc. has an inventory turnover rate Q208: Weson, Inc. has sales of $462,000, costs Q209: Randy's Meat Market has a 46-day collection Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
