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michlee michlee
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4 years ago
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
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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binvabinva
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4 years ago
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michlee Author
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#2
4 years ago
Appreciate the effort, thank you!
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