Bilt Rite has sales of £610,000.The cost of goods sold is equal to 70% of sales.The beginning trade receivables balance is £21,000 and the ending trade receivables balance is £25,000.How long on
Average does it take the firm to collect its receivables?
A) 13.76 days.
B) 14.09 days.
C) 21.07 days.
D) 25.98 days.
E) 26.52 days.
Correct Answer:
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