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Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection period
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Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection period

User Rok Dolinar
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1 Answer

4 votes

Answer:

8.6 days

Step-by-step explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

User KKlouzal
by
5.1k points
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