单选题 The following data applies to the XTC Company:
Sales = $1000000
Receivable = $ 260000
Net Income = $ 50000
COGS = $ 800000
Total Assets = $ 800000
Payables = $ 600000
Debt/Equity = 200%
Inventory = $ 400000
What is the average collection period, the average inventory processing period, and the payables payment period respectively for XTC Company?
Average Average Inventory Payables
Collection Period Processing Period Payments Period
①A. 55 days 195 clays 231 days
②B. 95 days 183 clays 274 days
③C. 45 days 45 days 132 clays

A、 ①
B、 ②
C、 ③

【正确答案】 B

【答案解析】Receivables turnover = $1000000/$ 260000 = 3.840.
Average collection period = 365/3.840 = 95.05 or 95 days.
Inventory turnover = $ 800000/$ 400000 = 2.
Average Inventory Processing Period = 365/2 = 183 days.
Payables turnover ratio = $ 800000/$ 600000 = 1.333.
Payables payment period = 365/1.333 = 273.82 or 274 days.