Use the information below to answer this question: Stock11,250Debtors18,750Creditors3,750Bank4,000Net profit7,500Net60,000 Stock 11 , 250 Debtors 18 , 750 C...

Question 1 Report

Use the information below to answer this question:

$\begin{array}{cc} Stock & 11, 250 \\ Debtors & 18, 750 \\ Creditors & 3, 750 \\ Bank & 4, 000 \\ Net profit & 7, 500 \\ Net & 60, 000 \end{array}$

Determine the debtors collection period.

114 days

68 days

37 days

41 days

Everything you need to excel in JAMB, WAEC & NECO