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Syed's Industries Has Accounts Receivable of $700,inventory of $1,200,sales of $4,200,and

Question 82

Multiple Choice

Syed's Industries has accounts receivable of $700,inventory of $1,200,sales of $4,200,and cost of goods sold of $3,500. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?


A) 110 days
B) 131 days
C) 145 days
D) 186 days
E) 210 days

Correct Answer:

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