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Last Year, Bizmart Had Credit Sales of $32 Million and a Net

Question 52

Multiple Choice

Last year, Bizmart had credit sales of $32 million and a net profit margin of 8%. If Bizmart had accounts receivable of $4.5 million, what was the length of the receivables conversion period?


A) 51.3 days
B) 56.3 days
C) 54.9 days
D) 47.2 days

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