Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of

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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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Question Posted: Jun 10, 2024 01:10 AM

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Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of

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Accounting Tools For Business Decision Making

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