Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000. The Cash sales are 40% of total sales. In this case, the Receivable collection period of the company will be: O a. 109.6 days O b. 273.75 days O c. 138.6 days O d. 182.5 days

Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000. The Cash sales are 40% of total sales. In this case, the Receivable collection period of the company will be: O a. 109.6 days O b. 273.75 days O c. 138.6 days O d. 182.5 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Al Sharif Company's Average
Accounts Receivables is OMR 360,000
and total Sales is OMR 1,200,000. The
Cash sales are 40% of total sales. In
this case, the Receivable collection
period of the company will be:
O a. 109.6 days
O b. 273.75 days
O c. 138.6 days
O d. 182.5 days

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