Multiple Choice
Use the tables for the question(s) below.
Balance Sheet
-The balance sheet and income statement of a particular firm are shown above.What does the accounts receivable days ratio tell you about this company?
A) It takes on average about 4 weeks to collect payment from its customers.
B) It takes on average about 6 weeks to collect payment from its customers.
C) It takes on average about 7 weeks to collect payment from its customers.
D) It takes on average about 8 weeks to collect payment from its customers.
E) It takes on average about 11 weeks to collect payment from its customers.
Correct Answer:
Verified
Correct Answer:
Verified
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