Average number of days to collect receivables

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Reference no: EM13146405

Box Company reported the following data at the end of 2001:

Sales revenue (75% on credit) $300,000
Expenses (26% on credit) 60,000
Accounts Receivable, net at Jan. 1, 2001 12,000
Accounts receivable, net at December 31, 2001 8,000
Total Assets 200,000
Stockholders' equity 150,000
Assume a 365 day year

The average number of days to collect receivables during 2001 was

A) 16.2.

B) 14.3.

C) 36.5.

D) 21.9.

E) None of the above is correct.

Reference no: EM13146405

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