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trade receivables collection period F7

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › trade receivables collection period F7

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by dumonde.
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  • February 14, 2016 at 9:30 pm #300454
    dumonde
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    • Topics: 28
    • Replies: 58
    • ☆☆

    the following information has been taken or calculated from Fowlers financial statements for the year ended 30 September 2014.

    Fowlers cash cycle at 30 September 2014 is 70 days
    its inventory turnover is six times
    Year end trade payables are $230,000
    Credit purchases for the year were $2m
    Cost of sales for the year was $1.8m

    What is fowlers trade receivables collection period as at 30 September 2014?

    A, 106, B, 89, C, 56 D, 51

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