The following data applies to the XTC Comp

问题单项选择题

The following data applies to the XTC Company: Sales = $1000000 Receivable = $ 260000 Net Income = $ 50000 COGS = $ 800000 Total Assets = $ 800000 Payables = $ 600000 Debt/Equity = 200% Inventory = $ 400000 What is the average collection period, the average inventory processing period, and the payables payment period respectively for XTC Company Average Average Inventory PayablesCollection Period Processing Period Payments Period（）①A. 55 days 195 clays 231 days ②B. 95 days 183 clays 274 days ③C. 45 days 45 days 132 clays

A. ①

B. ②

C. ③

答案

参考答案：B

解析：

Receivables turnover = $1000000/$ 260000 = 3.840. Average collection period = 365/3.840 = 95.05 or 95 days. Inventory turnover = $ 800000/$ 400000 = 2. Average Inventory Processing Period = 365/2 = 183 days. Payables turnover ratio = $ 800000/$ 600000 = 1.333. Payables payment period = 365/1.333 = 273.82 or 274 days.