The Following Information Has Been Obtained on Alberta Drilling Company

Multiple Choice

The following information has been obtained on Alberta Drilling Company for 2015:

The receivables turnover and average collection period for Alberta Drilling Company are:

A) Receivables turnover: 67.59; collection period: 5.40 days
B) Receivables turnover: 40.56; collection period: 9.00 days
C) Receivables turnover: 9.00; collection period: 40.56 days
D) Receivables turnover: 5.40; collection period: 67.59 days