Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000. The Cash sales are 40% of total sales. In this case, the Receivable collection period of the company will be: O a. 109.6 days O b. 273.75 days O c. 138.6 days O d. 182.5 days

Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000. The Cash sales are 40% of total sales. In this case, the Receivable collection period of the company will be: O a. 109.6 days O b. 273.75 days O c. 138.6 days O d. 182.5 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

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Question

Al Sharif Company's Average
Accounts Receivables is OMR 360,000
and total Sales is OMR 1,200,000. The
Cash sales are 40% of total sales. In
this case, the Receivable collection
period of the company will be:
O a. 109.6 days
O b. 273.75 days
O c. 138.6 days
O d. 182.5 days

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