Question 23 Golden Corporation have the following information from its books: Sales P1,600,000 Credit sales 90% of Sales Cost of Sales 70% of Sales Average Collection Period 40 days Average Days Sales...

Question 23<br>Golden Corporation have the following information from its books:<br>Sales<br>P1,600,000<br>Credit sales<br>90% of Sales<br>Cost of Sales<br>70% of Sales<br>Average Collection Period<br>40 days<br>Average Days Sales<br>30 days<br>How much is the Average receivables ?<br>P160,000<br>P120,000<br>P177,778<br>P133,333<br>

Extracted text: Question 23 Golden Corporation have the following information from its books: Sales P1,600,000 Credit sales 90% of Sales Cost of Sales 70% of Sales Average Collection Period 40 days Average Days Sales 30 days How much is the Average receivables ? P160,000 P120,000 P177,778 P133,333

Jun 07, 2022

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Question 23 Golden Corporation have the following information from its books: Sales P1,600,000 Credit sales 90% of Sales Cost of Sales 70% of Sales Average Collection Period 40 days Average Days Sales...

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