Multiple Choice
Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010 Balance Sheet
Dana Dairy Products
December 31, 2010
-If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2)
A) has deteriorated
B) remained the same
C) has improved
D) cannot be determined
Correct Answer:

Verified
Correct Answer:
Verified
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