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