The Flower Shoppe Has Accounts Receivable of $3,506,inventory of $4,407,sales

question 84

Multiple Choice

The Flower Shoppe has accounts receivable of $3,506,inventory of $4,407,sales of $218,640,and cost of goods sold of $169,290.How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?

• A)14.67 days
• B)15.35 days
• C)16.23 days
• D)17.18 days
• E)17.47 days

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Definitions:

Panic Disorder

A psychiatric disorder characterized by sudden and repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.

Conversion Reaction

A type of psychological disorder where emotional distress or unconscious conflict is expressed through physical symptoms, without an organic cause.

Compulsive Disorder

A mental health condition where individuals feel compelled to perform certain behaviors or rituals repeatedly, often as an attempt to manage anxiety.

Dissociative Neurosis

A psychological disorder characterized by a disconnection or separation of perception, identity, or memory.