The Flower Shoppe Has Accounts Receivable of $3,709, Inventory of $4,407

question 27

Multiple Choice

The Flower Shoppe has accounts receivable of $3,709, inventory of $4,407, sales of $218,640, and cost of goods sold of $167,306. How many days does it take the firm to both sell its inventory and collect the payment on the sale assuming that all sales are on credit?

• A)14.67 days
• B)15.81 days
• C)16.23 days
• D)17.18 days
• E)17.47 days

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Sandwich Generation

A demographic group that concurrently takes care of their aging parents and their own children, facing pressures from both caretaking roles.

Middle-aged People

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Previous Generations

Refers to the people who lived and influenced culture, society, and family structures before the current time period.

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