Multiple Choice
CatchaTan Co. of British Columbia had net sales of $800,000 over the past year. During that time, average receivables were $200,001. What was the average collection period?
A) 4 days
B) 5 days
C) 36 days
D) 48 days
E) 91 days
Correct Answer:
Verified
Correct Answer:
Verified
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