Question
If 34 percent of customers pay on day 10 and the remainder pay in an average of 28 days, what is the average collection period?
If 34 percent of customers pay on day 10 and the remainder pay in an average of 28 days, what is the average collection period?
| A. | 21.88 days | |
| B. | 31.40 days | |
| C. | 19.72 days | |
| D. | 20.08 days | |
| E. | 18.47 days |
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
