QUESTION 8 The PetShop (PS) has sales of $398,600, costs of $254.800, depreciation expense of...
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QUESTION 8 The PetShop (PS) has sales of $398,600, costs of $254.800, depreciation expense of $26,400, account receivable (A/R) balance of $95.000. account payable balance of $55,000, interes expense of $1.600, and a tax rate of 34 percent. If PS has net Income of $76,428, and incurs no additional cost other than pure production cost, how long on average does it take the company to collect account receivables during the year? O a. 100 days O b.64 days O c. 87 days O d. 115 days O e. 30 days
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