Multiple Choice
Sally's Shoe Service has accounts receivables of $35,335, average sales per day of $500,000, and a cost of goods sold of $45,000. What is her average collection period?
A) 7.0 days
B) 7.8 days
C) 14.15 days
D) 25.79 days
Correct Answer:
Verified
Correct Answer:
Verified
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