Multiple Choice
The Home Supply Co. has a current accounts receivable balance of $300,000. Credit sales for the year just ended were $1,830,000. How many days on average did it take for credit customers to pay off their accounts during this past year?
A) 54.29 days
B) 56.01 days
C) 57.50 days
D) 59.84 days
E) 61.00 days
Correct Answer:
Verified
Correct Answer:
Verified
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