Wednesday, 2 October 2019

Jaminda’s Holistic Healing has sales of $980,000, cost of goods sold of $765,250, and accounts receivable

Jaminda’s Holistic Healing has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.
Multiple Choice
  • 15.5 days
  • 33.01 days
  • 32.56 days
  • 8.63 days
  • 42.56 days

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