Question
Assume that the accounts receivable turnover ratio of your company in 2019 was 19.14 times. What was the companys average collection period in 2019? a.
Assume that the accounts receivable turnover ratio of your company in 2019 was 19.14 times.
What was the companys average collection period in 2019?
a. 19.07 days
b. 14.84 days
c. 16.67 days
d. 24.6 days
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Principles Of Financial Accounting
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st Edition
0077525264, 978-0077525262
