Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The company's annual sales is $182,795.
Answer following questions.
How many times per year does the company turn over its accounts receivable?
- 6.64 times
- 60.83 times
- 121.67 times
- 6.29 times
- 5.98 times