Multiple Choice
If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is its average collection period? Assume a 360-day calendar year.
A) 80 days
B) 60 days
C) 4.5 days
D) 6 days
Correct Answer:
Verified
Correct Answer:
Verified
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