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In 2005, the Handy Catering Service Had Cash Sales of 254,134

Question 78

Multiple Choice

In 2005, The Handy Catering Service had cash sales of 254,134, credit sales of 125,371, and total sales of 379,505. Accounts Receivable were 9,765. If there are 365 days in 2005, what was the Average Collection Period?


A) 18.78 days
B) 9.39 days
C) 28.43 days
D) 14.03 days
E) There is not enough information provided to answer this question.

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