Asked by
Halei Nesbitt
on Dec 05, 2024Verified
The average number of days to collect receivables during 2019 is closest to: (Assume 365 days in a year. )
A) 16.2.
B) 14.3.
C) 36.5.
D) 21.9.
Days To Collect
A financial metric that estimates the average number of days it takes a company to collect payment after a sale has been made, also known as the accounts receivable turnover in days.
Receivables
Money owed to a company by its customers or other parties for goods or services provided on credit, recorded as an asset on the balance sheet.
- Familiarize oneself with the constituents and value of the operating cycle.
Verified Answer
NN
Learning Objectives
- Familiarize oneself with the constituents and value of the operating cycle.
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