The Following Information Is from the Annual Report of Thunderstruck

question 21

Multiple Choice

The following information is from the annual report of Thunderstruck Ltd:
Statement of financial position of Thunderstruck Ltd as at 31 December 201X

Income statement extract of Thunderstruck Ltd for the year ended 31 December 201X
$$\begin{array} { l r } \text { Revenue } & 250 \\\text { Gross profit } & 75 \\\text { Operating profit } & 45 \\\text { Profit for the period } & 25\end{array}$$
From the information provide above,calculate the debtors (trade receivables) ratio

• A) 6.25 days
• B) 58.4 days
• C) 65.7 days
• D) 16 days

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Definitions:

Average Variable Cost

Average variable cost is the total variable costs divided by the quantity of output produced, showing the variable cost per unit of output.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit varies with the quantity produced.

Pure Monopolist

An entity that is the sole provider of a particular product or service in the market, facing no direct competition.