Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of
Question:
Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of 7.
What is its average collection period (days)?
(a) 2,555
(b) 30
(c) 52
(d) 210
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Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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