A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2017 · Q201 Mark
The following financial information is available for a business. All purchases and sales are made on credit. $ purchases 121980 revenue 209 980 trade payables 45448 trade receivables 28 765 What is the average collection period?
A50 days
B79 days
C86 days
D136 days
✓ Correct answer
A: 50 days
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