Question on: JAMB Accounting - 2015
Use the information below to answer this question.
\(\begin{array}{c|c}
\text{Stock} & 11,250 \\ \hline
\text{Debtors} & 18,750 \\ \hline
\text{Creditors} & 3,750 \\ \hline
\text{Bank} & 4,000 \\ \hline
\text{Net profit} & 7,500 \\ \hline
\text{Net} & 60,000 \\ \end{array}\)
Determine the debtors collection period
\(\begin{array}{c|c}
\text{Stock} & 11,250 \\ \hline
\text{Debtors} & 18,750 \\ \hline
\text{Creditors} & 3,750 \\ \hline
\text{Bank} & 4,000 \\ \hline
\text{Net profit} & 7,500 \\ \hline
\text{Net} & 60,000 \\ \end{array}\)
Determine the debtors collection period
A
114 days
B
68 days
C
37 days
D
41 days
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Correct Option: A
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