Multiple Choice
If a firm has a receivables turnover of 12, on average, which of the following would be the firm's average collection period?
A) 12 months
B) 1 month
C) 8.33 months67
D) not enough information given
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Which of the following is not a
Q4: The current ratio of a firm with
Q6: A firm with total liabilities and owners'
Q7: If the total asset turnover of a
Q14: As part of the measurement of financial
Q64: Potential creditors of a firm might analyze
Q104: The extent to which assets are used
Q169: Net working capital is current assets plus
Q177: Which item is not included in the
Q185: The price-to-book ratio measures the market's value