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    Business
  3. Study Set
    Core Concepts of Accounting
  4. Exam
    Exam 4: Cash, Short-Term Investments and Accounts Receivable
  5. Question
    Assuming a 360-Day Year, the Age of Receivables for a Company
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Assuming a 360-Day Year, the Age of Receivables for a Company

Question 9

Question 9

True/False

Assuming a 360-day year, the age of receivables for a company with an accounts receivable turnover ratio of 4.5 is 80 days.

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