1) ABC Company has annual sales of $239,353 and cost of goods sold of $61,664. The average accounts receivable balance is $17,720. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?
Assume 365 days.
Enter your answer rounded off to two decimal points
2) ABC Company has annual sales of $239,353 and cost of goods sold of $61,664. The average accounts receivable balance is $17,720. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?
Assume 365 days.
Enter your answer rounded off to two decimal points
3) You are given the following quotes:
U.S. dollar/Brazilian Real = 0.4193
U.S. dollar/Australian Dollar = 0.8241
U.S dollar/Chinese Yuan = 0.157
What is the Brazilian Real/Australian Dollar cross rate?
Enter your answer rounded off to FOUR decimal points.