2 43 The operating cycle is calculated using which of the following formulas? Mutiple Choice Average sale period Average collection period Average sale period Average collection period Average sale period - Average collection period Average sale period Average colection period 2 39 The accounts receivable turnover is calculated using which of the following formules? 2000 Mutiple Choice 365 Average accounts receivable balance Sales on account Average accounts receivable balance Average accounts receivable belance Sales on account 305-(Sales on account Average accounts receivable balance