A firm collects 70 percent of its credit sales in 30 days 20-10912
A firm collects 70 percent of its credit sales in 30 days, 20 percent in 60 days, and 10 percent in 90 days. The average collection period is:
This multiple choice question (MCQ) is related to the book/course
vu fin622 Corporate Finance.
It can also be found in
vu fin622 Final Term - Quiz No.4.
A firm collects 70 percent of its credit sales in 30 days, 20 percent in 60 days, and 10 percent in 90 days. The average collection period is:
33 days.
56 days.
47 days.
42 days.
