Zucha corporation has an inventory period of 55 days an, Financial Management

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Zucha corporation has an inventory period of 55 days an

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.

If the company’s annual sales are on credit, what is the investment in accounts receivable?

$3,005

$1,502

$27,544

$29,047

$30,549

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Financial Management: Zucha corporation has an inventory period of 55 days an

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