Question
What is the relationship between the average collection period and the accounts receivable turnover? A. The days to collect accounts receivable, or average collection period,
What is the relationship between the average collection period and the accounts receivable turnover?
A. The days to collect accounts receivable, or average collection period, is 365 divided by the accounts receivable turnover.
B. There is little variability in accounts receivable turnover levels among industries.
C. The accounts receivable turnover is the average accounts receivable for the period during which the sales were made divided by credit sales.
D. There is no relationship between the average collection period and the accounts receivable turnover.
what is the right answer.
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