What is the firms accounts receivable balance round


Elsee, Inc., has net sales of $13 million, and 75 percent of these are credit sales. Its cost of goods sold is 65 percent of annual net sales. The firm's cash conversion cycle is 44 days. The inventory balance at the firm is $1,681,000, while its accounts payable balance is $1,842,000. What is the firm's accounts receivable balance? (Round intermediate calculations to 1 decimal places, e.g. 15.1. and final answer to nearest whole dollar, e.g. 5,275.)

Solution Preview :

Prepared by a verified Expert
Basic Computer Science: What is the firms accounts receivable balance round
Reference No:- TGS02604249

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)