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During the current accounting period, revenue from credit sales is $ 8 0 1 , 0 0 0 . The accounts receivable balance is $
During the current accounting period, revenue from credit sales is $ The accounts receivable balance is $ at the beginning of the period and $ at the end of the period. Which o the following statements is correct?
Multiple Choice
The receivables turnover ratio is
On average, it takes days to collect payment from credit customers.
The receivables turnover ratio is
On average, the company sells its inventory every days.
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