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QUESTION 25The top management of Everest Manufacturing wanted to know howwell the company is managing its accounts receivable (AR) comparedto its peers. The management gathered the following informationfrom the aging schedule of AR:Days OutstandingAverage Collection Period% WeightAt most 30 days23 days40%31 days to 60 days54 days25%61 days to 120 days93 days20%More than 120 days168 days15%Based on their recently issued financial statements, Everestmanagement learned the weighted-average collection period of itsclosest competitors: 63 days for Gibraltar Corp., 65 days forMatterhorn Inc., and 68.5 days for Alps Co. Which of the followingcan Everest conclude about its AR management?a.The company has worse AR management than its peers.b.The company has AR management at par with its peers.c.The company has better AR management than its peers.