Multiple Choice
A firm has annual credit sales of $2m,an average debtor's balance of $300,000 and works 365 days a year.The average settlement period for accounts receivable is:
A) 66.7 days.
B) 15 days.
C) 150 days.
D) 54.7 days.
Correct Answer:
Verified
Correct Answer:
Verified
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