Calculate the Value of Accounts Receivable, Given the Following Information

question 87

Multiple Choice

Calculate the value of Accounts Receivable, given the following information: $$\begin{array} { | l | c | } \hline \text { Data: } & \\\hline \text { Average Inventory } & 7,000.00 \\\hline \text { Average AR } & ? \\\hline \text { Average AP } & 3,500.00 \\\hline \text { Sales } & 120,000.00 \\\hline \text { COGS } & 95,000.00 \\\hline \text { Cash Conversion Cycle } & 51.47 \\\hline \text { Inventory Period } & 26.89 \\\hline \text { Payables Period } & 13.45 \\\hline\end{array}$$

• A)$10,500
• B)$11,500
• C)$12,500
• D)$13,500

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Definitions:

Integrity

The characteristic of being truthful and upholding high ethical standards.

Ethics Culture

A set of shared values and principles that guide the behavior and decision-making processes within an organization.

Ethical Standards

Accepted principles of right or good conduct in professional practices and individual behavior.

Rationalizer

An individual who offers seemingly reasonable explanations or excuses for behaviors or attitudes that might otherwise appear irrational or inappropriate.