Which one of the following statements is correct if a firm has a receivables turnover of $10?$

Multiple Choice

It takes the firm $10$ days to collect payment from its customers.

It takes the firm $36\mathrm{.}5$ days to sell its inventory and collect the payment from the sale.

It takes the firm an average of $36\mathrm{.}5$ days to sell its items.

The firm collects its credit sales in an average of $36\mathrm{.}5$ days.

The firm has ten times more in accounts receivable than it does in cash.