A Retailer Typically Has Half of Its Sales on Credit;the

Multiple Choice

A retailer typically has half of its sales on credit;the balance of sales are by cash,check,or debit card.Credit sales are payable in full in 30 days.The retailer's collection period is 25 days.The retailer has _____.

A) slow-turning accounts receivable
B) fast-turning accounts receivable
C) average-turning accounts receivable
D) high financial leverage