Alda Ltd's Accounts Receivable for Year Ended 30 June 2016

question 10

Multiple Choice

Alda Ltd's accounts receivable for year ended 30 June 2016 was $150 000.Cost of goods sold was $382 500 and the gross margin was 15 per cent.All sales are made on credit.
-What was the number of days' sales in receivables?

• A) 121.7 days
• B) 143.1 days
• C) 260.4 days
• D) 301.4 days

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