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Other Fields Homework Help Finance Topic started by: michlee on Jul 7, 2019



Title: SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per ...
Post by: michlee on Jul 7, 2019
SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per day. Its credit terms specify “2/14 net 40.” On average, how long does it take to collect on its sales?

▸ 13 days

▸ 28 days

▸ 8.5 days

▸ 43 days


Title: SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per ...
Post by: binva on Jul 7, 2019
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Title: SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per ...
Post by: michlee on Jul 7, 2019
Appreciate the effort, thank you!