A company has a receivables turnover of 16,a cost of goods sold of $8,000,and an average payables of $1,200.Calculate the collection period.

Name: A company has a receivables turnover of 16,a cost of goods sold of $8,000,and an average payables of $1,200.Calculate the collection period.
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Question

Quizplus · Accepted Answer

Collection period = 11ea7fdb_fc3d_42d5_a768_3354d0f32daf_TB2902_11 Collection period = 11ea7fdb_fc3d_69e6_a768_89821628640f_TB2902_11 = 22.81

A Company Has a Receivables Turnover of 16,a Cost of Goods