how high can account receivable be.22 allowed to grew before the firm receivable period exceeds...

80.2K

Verified Solution

Question

Accounting

image

how high can account receivable be.22 allowed to grew before the firm receivable period exceeds 50 days if annual sales 5.5 million and cash conversion cycle 75 days (2 ) 753,424.657 $ 684,932 $ 773,424.657 $ 763,424.657 $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students