Solution-Sales and cost of goods sold

Sales and cost of goods sold

Reference no: EM132566014

Sales 2019: Cost of Goods Sold 2019: Current Asset: Inventories:

Account Receivable:

RM20,000 RM15,000

2018 - RM3,500 & 2018 - RM2,500 &

2019 - RM5,000 2019 - RM3,000

Assume that sales and cost of goods sold for the year 2018 were 10% below 2019 levels. Average account receivables collection days for 2019 are higher or lower than 2018 by?

Reference no: EM132566014

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Sales and cost of goods sold

Reference no: EM132566014

Reference no: EM132566014

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