ACCA · Question 16.1 · Working Capital Management
Section B - Case 1: Verdant Yields Co
Scenario: Verdant Yields Co is an organic avocado exporter. The business is highly seasonal. Annual credit sales are $18,250,000. The current trade receivables balance is $3,000,000. Assume a 365-day year.
Question 1: What is the current receivables collection period (in days)?
Answer options:
45 days
50 days
60 days
75 days
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