Flo's Flowers Has Accounts Receivable of $4,511, Inventory of $1,810

question 101

Multiple Choice

Flo's Flowers has accounts receivable of $4,511, inventory of $1,810, sales of $138,609, and cost of goods sold of $64,003. How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?

• A) 11.88 days
• B) 22.20 days
• C) 16.23 days
• D) 14.50 days
• E) 18.67 days

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