Balance Sheet Net property, plant,
Selling, general,
Earnings before interest
The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A) It takes on average about 4 weeks to collect payment from its customers.
B) It takes on average about 6 weeks to collect payment from its customers.
C) It takes on average about 7 weeks to collect payment from its customers.
D) It takes on average about 11 weeks to collect payment from its customers.

Question

Balance Sheet   Net property, plant,
  Selling, general,
 Earnings before interest
 The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A) It takes on average about 4 weeks to collect payment from its customers. 
B) It takes on average about 6 weeks to collect payment from its customers. 
C) It takes on average about 7 weeks to collect payment from its customers. 
D) It takes on average about 11 weeks to collect payment from its customers.

Quizplus · Accepted Answer

The Answer of Balance Sheet   Net property, plant,
  Selling, general,
 Earnings before interest
 The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A) It takes on average about 4 weeks to collect payment from its customers. 
B) It takes on average about 6 weeks to collect payment from its customers. 
C) It takes on average about 7 weeks to collect payment from its customers. 
D) It takes on average about 11 weeks to collect payment from its customers.

Balance Sheet Net Property, Plant