Balance Sheet The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A)It takes on average about 4 weeks to collect payment from its customers.
B)It takes on average about 6 weeks to collect payment from its customers.
C)It takes on average about 7 weeks to collect payment from its customers.
D)It takes on average about 11 weeks to collect payment from its customers.

Question

Balance Sheet   The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A)It takes on average about 4 weeks to collect payment from its customers. 
B)It takes on average about 6 weeks to collect payment from its customers. 
C)It takes on average about 7 weeks to collect payment from its customers. 
D)It takes on average about 11 weeks to collect payment from its customers.

Quizplus · Accepted Answer

The Answer of Balance Sheet   The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?
A)It takes on average about 4 weeks to collect payment from its customers. 
B)It takes on average about 6 weeks to collect payment from its customers. 
C)It takes on average about 7 weeks to collect payment from its customers. 
D)It takes on average about 11 weeks to collect payment from its customers.

Balance Sheet the Balance Sheet and Income Statement