Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Black Company has the following information:

Receivable turnover
6
Inventory turnover
5
Asset turnover
3
Net credit sales
$500,000

What is the average collection period?

-24.3 days
-90 days
-50 days
-60.8 days
-30 days

Sagot :

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.