mo costock drvidends By how much will shareholders equity in

mo costock drvidends. By how much will shareholders equity increase on the baanc sheet? A) $25 million B) S18 million C) $19 million D) $17 million 4) If a firm starts the year with receivables of $80,000 and produces sales for the year of S300,000, what is its average collection period in days? A) 3.75 B)77.9 C)52 D) 97.3

Solution

D 97.3 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Sales         300,000.00 Receivables           80,000.00 Receivable turnover ratio = 300,000/80,000                      3.75 Average Collection period = 365/3.75                    97.33