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QUESTION

The following inventory and sales data are available for the current year for Rick's Company, which uses a 365-day year when computing ratios.

The following inventory and sales data are available for the current year for Rick's Company, which uses a 365-day year when computing ratios.

Rick Company's average number of days to collect accounts receivable for the current year is:

A) 20.59 days

B) 19.71 days

C) 19.43 days

D) 18.82 days

Rick Company's operating cycle for the current year is:

A) 93.09 days

B) 99.71 days

C) 70.61 days

D) 92.21 days

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