caraanderson9689 caraanderson9689
  • 22-01-2021
  • Business
contestada

Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection period

Relax

Respuesta :

ayokenny2001
ayokenny2001 ayokenny2001
  • 23-01-2021

Answer:

8.6 days

Explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

Answer Link

Otras preguntas

Which factors influence a persons perception of sexual activity
2 cards are drawn from a standard deck of 52 playing cards. how many different 2-card hands are possible if the drawing is done without replacement?
helpppppppppppppppppppppp
4n-3=-2n+9 What is the value of the variable 'n'?
What is the foundation of Georgia's government and how is it organized? What are some of the leaders of the three branches if government and what are their duti
Women artists such as caterina van hemessen benefited from the decline of religious painting and the increasing interest in __________, which became a major sou
3 sin2(θ) + 16 sin(θ) − 35 = 0
What horrible mistake does cassius make? what is the outcome of this mistake?
20 increased by twice jennys savings
j is 25 more than 3 solve for j