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31. MTN Enterprises, LTD.had sales of $154 million this year and an average accounts receivable of $18 million per day. Its credit terms specify 2/14
31. MTN Enterprises, LTD.had sales of $154 million this year and an average accounts receivable of $18 million per day. Its credit terms specify "2/14 net 40."
Based on this information,how long does it take MTNto collect on its sales (on average)?
a.
8.5 days
b.
28 days
c.
43 days
d.
13 days
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