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The following companies have the following collection terms for their credit sales: 2 / 1 0 , n / 3 0 . Using the information

The following companies have the following collection terms for their credit sales: 2/10, n/30. Using the information provided below, select the correct answer:Hoosier Inc.Red Inc.White Inc.AverageAccountsReceivableS16,30011,000 S6,000 $Net CreditSales100,00050,00075,000 On average, White Inc's customers are paying their invoices within the normal invoice terms.Hoosier Inc. is collecting its accounts receivable every 6 months. Hoosier Inc. is the most efficient with collecting its credit sales Red Inc. is collecting their credit sales within about every 4-5 days.
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