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During the current accounting period, revenue from credit sales is $671,000. The accounts receivable balance is $51,480 at the beginning of the period and $52,200

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During the current accounting period, revenue from credit sales is $671,000. The accounts receivable balance is $51,480 at the beginning of the period and $52,200 at the end of the period. Which of the foliowing stafements is frue? a. On average, it takes 12.9 days to collect payment from credit customers. b. The receivables furnover ratio is 12.9. c. The recoivables tumover ratio is 28.3. d. On average, the company selis its inventory every 28.4 days Solvency ratio data are primarily concerned with the ability of a company to: a. manage its cash flow. b. produce profits. c. handle its debt. d. provide income for shareholders

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