问题
单项选择题
Using a 365-day year, if a firm has net annual sales of $ 250000 and average receivables of $150000, what is its average collection period()
A. 219.0 days.
B. 1.7 days.
C. 96 days.
答案
参考答案:A
解析:
Receivables turnover = $ 250000/$150000 = 1.66667. Collection period = 365/1.66667 = 219 days.