The Following Information Relates to Woolf Unlimited for the Past

question 69

Multiple Choice

The following information relates to Woolf Unlimited for the past two years.

What is days' sales in receivables for the current year?

• A)56.78 days
• B)69.20 days
• C)43.08 days
• D)10.00 days

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Definitions:

Trade Surplus

Trade Surplus occurs when the value of a country's exports exceeds the value of its imports.

Trade Deficit

A situation where a country's imports exceed its exports during a specific time period, indicating a net outflow of domestic currency to foreign markets.

Imports

The goods and services purchased from other countries.

Foreign Direct Investment

An investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.