If a company has annual credit sales of 345,279 and accounts receivable of 10,000, using a
365-day year, what is its Average Collection Period?
A) 34.43 days B) 10.57 days C) 27.40 days D) 94.59 days
B
Business
365-day year, what is its Average Collection Period?
A) 34.43 days B) 10.57 days C) 27.40 days D) 94.59 days
B