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What is the firm average accounts receivable balance

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Reference no: EM132984066

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Q1. For the company of Mr. Hapal Moe, the average age of accounts receivable is 30 days, the average age of accounts payable is 50 days, and the average age of inventory is 40 days. Assume a 360-day year. If Mr. Moe's annual sales are P900,000, what is the firm's average accounts receivable balance?

P62,500

P100,000

P125,000

P75,000

Q2. Even if the company changes its investment policy relative to its risk, both the cost of debt and cost of equity will not change.

True

False

Reference no: EM132984066

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