Multiple Choice
If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days,what is its average amount of accounts receivable outstanding (assume a 360 day year) ?
A) $194,444
B) $57,143
C) $5,556
D) $97,222
E) $285,714
Correct Answer:
Verified
Correct Answer:
Verified
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