Multiple Choice
Grave Company had $150,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $10,000.The company's average collection period (age of receivables) was closest to:
A) 24.33 days.
B) 29.20 days.
C) 34.07 days.
D) 58.40 days.
Correct Answer:
Verified
Correct Answer:
Verified
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