Prall Corporation sells its goods on terms of 2/10, n/30. It has an accounts receivable turnover of
Question:
Prall Corporation sells its goods on terms of 2/10, n/30. It has an accounts receivable turnover of 7.
What is its average collection period (days)?
(a) 2,555
(c) 52
(b) 30
(d) 210 AppendixLO1
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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