Use the Information Above to Answer the Following Question

question 17

Multiple Choice

Use the information above to answer the following question.The days to collect for 2014 is closest to:

• A)40
• B)41
• C)43
• D)42

---

Definitions:

Net Sales

The revenue from sales transactions after deductions for returns, allowances, and discounts have been made.

Profit Margin

A financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.

Operating Income

Income generated from regular business operations, excluding expenses such as taxes and interest payments.

Trading Debt Securities

Buying and selling debt instruments, like bonds, in financial markets with the aim of profiting from price fluctuations.