Multiple Choice
Granger Company had $180,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000.The company's average collection period (age of receivables) was closest to:
A) 20.28 days.
B) 28.39 days.
C) 36.50 days.
D) 56.78 days.
Correct Answer:
Verified
Correct Answer:
Verified
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