Based on the following information, determine the average receivables (rounded to thousands of dollars)that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days; purchase-to-payment conversion period = 76.8 days; and cost of goods sold = $380,000.
A)$90,000
B)$180,000
C)$121,000
D)$45,000

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The Answer of Based on the following information, determine the average receivables (rounded to thousands of dollars)that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days; purchase-to-payment conversion period = 76.8 days; and cost of goods sold = $380,000.
A)$90,000
B)$180,000
C)$121,000
D)$45,000

Based on the Following Information, Determine the Average Receivables (Rounded