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What is Castro accounts receivable settlement period

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Reference no: EM132695632

Question - Bluebird Ltd has provided the following information from its financial statements for the year ended 30 June 2020.

Sales (all on credit) $2,350,000

Gross pro?t on sales $835,000

Net pro?t $255,000

Cost of sales $1,515,000

Inventory at end of year 2020 $350,000

Inventory at end of year 2019 $220,000

Accounts receivable at end of year 2020 $440,000

Accounts receivable at end of year 2019 $355,000

The company trades 365 days per year. What is Castro's accounts receivable settlement period (in days) for 2020?

Reference no: EM132695632

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