Based on the Following Information, Determine the Average Receivables (Rounded

question 24

Multiple Choice

Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days; purchase-to-payment conversion period = 76.8 days; and cost of goods sold = $380,000.

• A)$90,000
• B)$180,000
• C)$121,000
• D)$45,000

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Definitions:

Nurse's Aide

A healthcare worker who provides basic care to patients and assists with daily activities under the supervision of nursing staff.

Clinical Instructor

A healthcare professional who imparts practical training to students in a clinical setting, overseeing their application of theoretical knowledge to real-life medical scenarios.

Implied Consent

Permission that is assumed in an emergency when consent cannot be obtained from the client or a relative.

Emergency Department

A specialized department in a hospital where patients with acute illnesses or injuries are treated.