How High Can Accounts Receivable Be Allowed to Grow Before

question 107

Multiple Choice

How high can accounts receivable be allowed to grow before the firm's receivables period exceeds 50 days if annual sales equal $5 million and the cash conversion cycle equals 75 days?

• A) $342,466
• B) $684,932
• C) $1,027,397
• D) $1,712,329

---

Definitions:

Excel 2013

A version of Microsoft's spreadsheet software released in 2013, featuring numerous calculation, graphing tools, and pivot table features.

Initial Capital Letters

Initial capital letters are the use of uppercase letters at the beginning of sentences or for proper nouns, helping to denote the start of sentences or significance of particular words.

11-Point

A measure indicating the size of text font, with 11-point representing a specific height in typographical units.

Right Arrow

A symbol or key indicating direction or the action to move right.