The current ratio is measured as: A) current assets minus current liabilities. B) current assets divided by current liabilities. C) cash on hand divided by current liabilities. Which one of the following statements is correct if a firm has a receivables turnover of 10? A) It takes the firm 10 days to collect payment from its customers. B) It takes the firm an average of 36.5 days to sell its items. C) The firm collects on its sales in an average of 36.5 days